This article investigates firms' strategies for international expansion, foreign direct investment (FDI) and exports. We use the framework of Helpman et al. (2004) to illustrate how firm-level productivity differences influence these strategies. We extend this model with multifactor production...

The value principle in organizational economics states that the net market value of the goods that a firm sells is a key determinant of its organizational design. We survey and extend some recent developments in the theoretical literature at the nexus of organizational and industrial economics,...

By examining the horizontal and vertical, international knowledge and technology transfer of specific industrial water-treatment-technologies, this paper reflects on their interaction with beer production. Against the background of the discrepancy between the importance of narratives on...

We develop a model to examine how discount rates affect the nature and composition of innovation within an industry. Challenging conventional wisdom, we show that higher discount rates do not discourage firm innovation when accounting for the industry equilibrium. Higher discount rates deter...

We develop a model to examine how discount rates affect the nature and composition of innovation within an industry. Challenging conventional wisdom, we show that higher discount rates do not discourage firm innovation when accounting for the industry equilibrium. Higher discount rates deter...