Pricing in International Markets: a "Small-country" Benchmark

Pricing in International Markets: a "Small-country" Benchmark

The paper studies export pricing to market (PTM) in a “small‐country” context using a panel of disaggregated exports from Hong Kong since 1992. Conventional wisdom is that PTM is commonplace—except for US exports. This study provides a benchmark by which to interpret the puzzling behavior of US expo...

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Bibliographic Details
Published in:Review of international economics Vol. 12; no. 3; pp. 509 - 524
Main Author: Parsley, David C.
Format: Journal Article
Language:English
Published: Oxford, UK and Malden, USA Blackwell Publishing Ltd 01-08-2004
Wiley Blackwell
Series:Review of International Economics
Subjects:
Economic theory
Exchange rates
Exports
Globalization
Hong Kong
International economics
International markets
International trade
Prices
Pricing
Studies
U.S.A
US exports
Hong Kong China
China
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Summary:The paper studies export pricing to market (PTM) in a “small‐country” context using a panel of disaggregated exports from Hong Kong since 1992. Conventional wisdom is that PTM is commonplace—except for US exports. This study provides a benchmark by which to interpret the puzzling behavior of US export prices. Empirically, Hong Kong's export price behavior is comparable to that of the US. This similarity reinforces the idea that PTM behavior is also a function of home market conditions and the ability to price discriminate across markets. There is little evidence of differences in PTM across Hong Kong's export destinations.
Bibliography:istex:C97D2409428EB5065E1068EFE94684CA3AC8D637
ArticleID:ROIE464
ark:/67375/WNG-FV4VLGWH-S
ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0965-7576
1467-9396
DOI:10.1111/j.1467-9396.2004.00464.x