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The behavioral equilibrium exchange rate (BEER) and the Penn effect models are compared via their applications on the … setting, the Penn effect model can be viewed as a special form of the BEER model; however, the latter includes many other … comparison, each model’s findings from the BEER model are only partly reasonable but each model’s findings from the Penn effect …
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European beer markets are characterized by major changes that are forcing breweries to redesign their competitive …
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Despite the reunification of Germany more than 15 years ago, substantial differences remain between the regions that once comprised the market-driven West and the socialist, centrally planned East. Although today’s Eastern German economy is less competitive than the Western German economy,...
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