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摘要翻译：
我们分析了一个跨国制造商的操作策略，以对冲汇率不确定性和竞争。我们考虑单一产品和单一时期。由于提前期较长，产能投资必须在两国汇率不确定的销售季节开始前完成。我们考虑在外国实行双头垄断竞争。我们把汇率建模为一个随机变量。我们研究了竞争和汇率对最优产能和最优价格的影响。我们展示了竞争如何影响国内制造商进入国外市场的决定。
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英文标题：
《Price Competition with Geometric Brownian motion in Exchange Rate
Uncertainty》
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作者：
Murat Erkoc, Huaqing Wang, Anas Ahmed
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最新提交年份：
2018
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分类信息：
一级分类：Economics 经济学
二级分类：Econometrics 计量经济学
分类描述：Econometric Theory, Micro-Econometrics, Macro-Econometrics, Empirical Content of Economic Relations discovered via New Methods, Methodological Aspects of the Application of Statistical Inference to Economic Data.
计量经济学理论，微观计量经济学，宏观计量经济学，通过新方法发现的经济关系的实证内容，统计推论应用于经济数据的方法论方面。
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英文摘要：
We analyze an operational policy for a multinational manufacturer to hedge against exchange rate uncertainties and competition. We consider a single product and single period. Because of long-lead times, the capacity investment must done before the selling season begins when the exchange rate between the two countries is uncertain. we consider a duopoly competition in the foreign country. We model the exchange rate as a random variable. We investigate the impact of competition and exchange rate on optimal capacities and optimal prices. We show how competition can impact the decision of the home manufacturer to enter the foreign market.
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PDF链接：
https://arxiv.org/pdf/1804.08153
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