Price convergence in the European Union: Within firms or composition of firms?
In this paper we use data on French export prices at the disaggregated firm and product level to evaluate the effect of economic integration on price convergence. We use the European integration ‘experiment’ and firm-level data on export prices to distinguish between two possible margins of adjustme...
Gespeichert in:
| Veröffentlicht in: | Journal of international economics 2009-06, Vol.78 (1), p.1-10 |
|---|---|
| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 10 |
|---|---|
| container_issue | 1 |
| container_start_page | 1 |
| container_title | Journal of international economics |
| container_volume | 78 |
| creator | Méjean, Isabelle Schwellnus, Cyrille |
| description | In this paper we use data on French export prices at the disaggregated firm and product level to evaluate the effect of economic integration on price convergence. We use the European integration ‘experiment’ and firm-level data on export prices to distinguish between two possible margins of adjustment: At the intensive margin economic integration induces different pricing strategies within the firm, whereas at the extensive margin it affects the composition of firms with different pricing strategies. In our sample price convergence is 40 percent faster in the European Union than in an appropriately defined control group. 30 percent of this effect can be attributed to the fact that a higher share of firms with a low propensity to price discriminate serve European markets. |
| doi_str_mv | 10.1016/j.jinteco.2009.02.008 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_miscellaneous_37170216</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><els_id>S0022199609000294</els_id><sourcerecordid>37170216</sourcerecordid><originalsourceid>FETCH-LOGICAL-c540t-ce8dc67b90763f2f9653031dd08420614cb37032f419a5c1658a9d5ed8576caf3</originalsourceid><addsrcrecordid>eNqFUcFO3DAQtVCRugU-oVLUQ28JYzu2k15QhShFQsABxNEyzoR1tLFTO7sSf4-XoB64cHiekee959EzId8pVBSoPB2qwfkZbagYQFsBqwCaA7KijeIlcMG_kBUAYyVtW_mVfEtpAADV8HpFbu6is1jY4HcYn9Hn3vliXmNxsY1hQuOLB--C_1U8unmdR72LYypCzJJxCsnNeViEfrk_OyaHvdkkPHmvR-Thz8X9-d_y-vby6vz3dWlFDXNpsemsVE8tKMl71rdScOC066CpGUha2yeugLO-pq0RlkrRmLYT2DVCSWt6fkR-Lr5TDP-2mGY9umRxszEewzZprqgCRmUm_vhAHMI2-rybZkxQqVqhMkksJBtDShF7PUU3mviiKeh9xHrQ7xHrfcQamM4RZ93loos4of0vQkTnM9frneZGNfl4yXhTcuMyaMb0VvMD63nMTmeLE-bQdg6jTtbtf6NzEe2su-A-2eUVdhueyA</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>225167957</pqid></control><display><type>article</type><title>Price convergence in the European Union: Within firms or composition of firms?</title><source>RePEc</source><source>Elsevier ScienceDirect Journals</source><creator>Méjean, Isabelle ; Schwellnus, Cyrille</creator><creatorcontrib>Méjean, Isabelle ; Schwellnus, Cyrille</creatorcontrib><description>In this paper we use data on French export prices at the disaggregated firm and product level to evaluate the effect of economic integration on price convergence. We use the European integration ‘experiment’ and firm-level data on export prices to distinguish between two possible margins of adjustment: At the intensive margin economic integration induces different pricing strategies within the firm, whereas at the extensive margin it affects the composition of firms with different pricing strategies. In our sample price convergence is 40 percent faster in the European Union than in an appropriately defined control group. 30 percent of this effect can be attributed to the fact that a higher share of firms with a low propensity to price discriminate serve European markets.</description><identifier>ISSN: 0022-1996</identifier><identifier>EISSN: 1873-0353</identifier><identifier>DOI: 10.1016/j.jinteco.2009.02.008</identifier><identifier>CODEN: JIECBE</identifier><language>eng</language><publisher>Amsterdam: Elsevier B.V</publisher><subject>Business strategies ; Convergence ; Economic integration ; Enterprises ; Europe ; European integration ; European Union ; Exports ; Firm heterogeneity ; France ; Impact analysis ; Integration ; Price convergence ; Price convergence Firm heterogeneity European integration ; Pricing ; Pricing policies ; Regional markets ; Studies</subject><ispartof>Journal of international economics, 2009-06, Vol.78 (1), p.1-10</ispartof><rights>2009 Elsevier B.V.</rights><rights>Copyright Elsevier Sequoia S.A. Jun 2009</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c540t-ce8dc67b90763f2f9653031dd08420614cb37032f419a5c1658a9d5ed8576caf3</citedby><cites>FETCH-LOGICAL-c540t-ce8dc67b90763f2f9653031dd08420614cb37032f419a5c1658a9d5ed8576caf3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://dx.doi.org/10.1016/j.jinteco.2009.02.008$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,777,781,3537,3994,27905,27906,45976</link.rule.ids><backlink>$$Uhttp://econpapers.repec.org/article/eeeinecon/v_3a78_3ay_3a2009_3ai_3a1_3ap_3a1-10.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>Méjean, Isabelle</creatorcontrib><creatorcontrib>Schwellnus, Cyrille</creatorcontrib><title>Price convergence in the European Union: Within firms or composition of firms?</title><title>Journal of international economics</title><description>In this paper we use data on French export prices at the disaggregated firm and product level to evaluate the effect of economic integration on price convergence. We use the European integration ‘experiment’ and firm-level data on export prices to distinguish between two possible margins of adjustment: At the intensive margin economic integration induces different pricing strategies within the firm, whereas at the extensive margin it affects the composition of firms with different pricing strategies. In our sample price convergence is 40 percent faster in the European Union than in an appropriately defined control group. 30 percent of this effect can be attributed to the fact that a higher share of firms with a low propensity to price discriminate serve European markets.</description><subject>Business strategies</subject><subject>Convergence</subject><subject>Economic integration</subject><subject>Enterprises</subject><subject>Europe</subject><subject>European integration</subject><subject>European Union</subject><subject>Exports</subject><subject>Firm heterogeneity</subject><subject>France</subject><subject>Impact analysis</subject><subject>Integration</subject><subject>Price convergence</subject><subject>Price convergence Firm heterogeneity European integration</subject><subject>Pricing</subject><subject>Pricing policies</subject><subject>Regional markets</subject><subject>Studies</subject><issn>0022-1996</issn><issn>1873-0353</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2009</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><recordid>eNqFUcFO3DAQtVCRugU-oVLUQ28JYzu2k15QhShFQsABxNEyzoR1tLFTO7sSf4-XoB64cHiekee959EzId8pVBSoPB2qwfkZbagYQFsBqwCaA7KijeIlcMG_kBUAYyVtW_mVfEtpAADV8HpFbu6is1jY4HcYn9Hn3vliXmNxsY1hQuOLB--C_1U8unmdR72LYypCzJJxCsnNeViEfrk_OyaHvdkkPHmvR-Thz8X9-d_y-vby6vz3dWlFDXNpsemsVE8tKMl71rdScOC066CpGUha2yeugLO-pq0RlkrRmLYT2DVCSWt6fkR-Lr5TDP-2mGY9umRxszEewzZprqgCRmUm_vhAHMI2-rybZkxQqVqhMkksJBtDShF7PUU3mviiKeh9xHrQ7xHrfcQamM4RZ93loos4of0vQkTnM9frneZGNfl4yXhTcuMyaMb0VvMD63nMTmeLE-bQdg6jTtbtf6NzEe2su-A-2eUVdhueyA</recordid><startdate>20090601</startdate><enddate>20090601</enddate><creator>Méjean, Isabelle</creator><creator>Schwellnus, Cyrille</creator><general>Elsevier B.V</general><general>Elsevier</general><general>Elsevier Sequoia S.A</general><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>20090601</creationdate><title>Price convergence in the European Union: Within firms or composition of firms?</title><author>Méjean, Isabelle ; Schwellnus, Cyrille</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c540t-ce8dc67b90763f2f9653031dd08420614cb37032f419a5c1658a9d5ed8576caf3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2009</creationdate><topic>Business strategies</topic><topic>Convergence</topic><topic>Economic integration</topic><topic>Enterprises</topic><topic>Europe</topic><topic>European integration</topic><topic>European Union</topic><topic>Exports</topic><topic>Firm heterogeneity</topic><topic>France</topic><topic>Impact analysis</topic><topic>Integration</topic><topic>Price convergence</topic><topic>Price convergence Firm heterogeneity European integration</topic><topic>Pricing</topic><topic>Pricing policies</topic><topic>Regional markets</topic><topic>Studies</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Méjean, Isabelle</creatorcontrib><creatorcontrib>Schwellnus, Cyrille</creatorcontrib><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Journal of international economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Méjean, Isabelle</au><au>Schwellnus, Cyrille</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Price convergence in the European Union: Within firms or composition of firms?</atitle><jtitle>Journal of international economics</jtitle><date>2009-06-01</date><risdate>2009</risdate><volume>78</volume><issue>1</issue><spage>1</spage><epage>10</epage><pages>1-10</pages><issn>0022-1996</issn><eissn>1873-0353</eissn><coden>JIECBE</coden><abstract>In this paper we use data on French export prices at the disaggregated firm and product level to evaluate the effect of economic integration on price convergence. We use the European integration ‘experiment’ and firm-level data on export prices to distinguish between two possible margins of adjustment: At the intensive margin economic integration induces different pricing strategies within the firm, whereas at the extensive margin it affects the composition of firms with different pricing strategies. In our sample price convergence is 40 percent faster in the European Union than in an appropriately defined control group. 30 percent of this effect can be attributed to the fact that a higher share of firms with a low propensity to price discriminate serve European markets.</abstract><cop>Amsterdam</cop><pub>Elsevier B.V</pub><doi>10.1016/j.jinteco.2009.02.008</doi><tpages>10</tpages><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0022-1996 |
| ispartof | Journal of international economics, 2009-06, Vol.78 (1), p.1-10 |
| issn | 0022-1996 1873-0353 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_37170216 |
| source | RePEc; Elsevier ScienceDirect Journals |
| subjects | Business strategies Convergence Economic integration Enterprises Europe European integration European Union Exports Firm heterogeneity France Impact analysis Integration Price convergence Price convergence Firm heterogeneity European integration Pricing Pricing policies Regional markets Studies |
| title | Price convergence in the European Union: Within firms or composition of firms? |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-17T11%3A42%3A57IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Price%20convergence%20in%20the%20European%20Union:%20Within%20firms%20or%20composition%20of%20firms?&rft.jtitle=Journal%20of%20international%20economics&rft.au=M%C3%A9jean,%20Isabelle&rft.date=2009-06-01&rft.volume=78&rft.issue=1&rft.spage=1&rft.epage=10&rft.pages=1-10&rft.issn=0022-1996&rft.eissn=1873-0353&rft.coden=JIECBE&rft_id=info:doi/10.1016/j.jinteco.2009.02.008&rft_dat=%3Cproquest_cross%3E37170216%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=225167957&rft_id=info:pmid/&rft_els_id=S0022199609000294&rfr_iscdi=true |