The Hodrick-Prescott filter is the probably most popular tool for trend estimation in economics. Compared to other frequently used methods like the Baxter-King filter it allows to estimate the trend for the most recent periods of a time series. However, the Hodrick- Prescott filter suffers from...

The Stahl model is one of the most applied consumer search models, with many applications and an empirical background. The present paper explores an extension where sellers have asymmetries, which is mostly excluded by the literature. Sellers with heterogeneous numbers of stores are introduced,...

In this paper, I investigate welfare gains associated with trade induced intra-firm adjustments of multi-product firms. To disentangle the welfare gains, I split up the R&D portfolio of a multi-product firm into three different channels: i) product innovation, ii) investments in the degree of...

In this paper, we incorporate offshoring of labor-intensive goods in a model with multi-product firms, and explore its implications in partial and general oligopolistic equilibrium. We identify important aspects of this phenomenon and argue that improvements in offshoring opportunities can...

Using the dataset collected for assessment of a post-harvest technology project in rural Cambodia, we focused on the heterogeneous social preferences of project implementers, often overlooked in the literature of Randomized Controlled Trials (RCT). Our study focuses on the gimplementer effecth...

Organizational socialization is the learning process of its specific culture and value. Foreign subsidiary socialization has been considered as a useful approach in transferring home basefs knowledge. But it has the potential risk that socialized foreign subsidiaries are not able to adjust to...

Divergent interests of bank managers and financial regulators potentially compromise the efficacy of bank rescue operations. This paper analyses an agency problem encountered in a capital injection program implemented in Japan. We hypothesize that the operationfs requirement to downsize lead...

About the phenomenon of overseas M&A made by emerging market firms, research on the management of post- M&A phase is still limited. To address this problem, in this study, we examined a serial successful overseas M&A cases made by Lenovo, including their background and the resource allocation in...

This paper investigates how farmersf risk attitudes affected the adoption of agricultural technology in a rural area in Cambodia. We incorporated prospect theory to farmersf utility function and examined the effect of the risk attitude of farmers to the adoption of two technologies: adoption of...

Although much research has been conducted on employeesf extra-role behaviors (ERBs), the topic of how newcomers to an organization engage in ERBs remains relatively underexplored. Following social cognitive theory, we develop a dynamic model of newcomersf helping and voice as two types of ERBs....