Schnabel, Jacques A. - In: Managerial Finance 41 (2015) 1, pp. 2-9
a Cournot model of equilibrium in a homogeneous product market, i.e. an industry populated by N firms, which compete … paper is the first to examine the issues of exchange rate operating exposure and pass-through in the context of a Cournot … model of competition, under the indicated two simplifying assumptions. …