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-product-destination data. By taking firm-product level selection into account we show that export unit values increase with distance even for …In this paper we analyse the relationship between gravity variables and f.o.b. export unit values using Hungarian firm … particular firm-product combinations. This cannot be explained by models assuming firm- or even firm-product level selection and …
Persistent link: https://www.econbiz.de/10008530371
dispersion forces in the presence of pecuniary externalities through a selection model of monopolistic competition with … `evenness'. Accordingly, the role of firm heterogeneity in selection models of agglomeration can not be fully understood without …
Persistent link: https://www.econbiz.de/10011083916
adopt a model of firm heterogeneity and export participation which we estimate to match moments of the French data using the …
Persistent link: https://www.econbiz.de/10005124187
This Paper uses a unique representative firm level data set to analyse the effect of domestic and international competitive pressure and ownership changes in three emerging economies, Bulgaria Poland and Romania. Our main findings can be summarized as follows: Domestic competitive pressure,...
Persistent link: https://www.econbiz.de/10005504242
This Paper studies the consequences of price discrimination in a market for experts’ services. In the case of experts …, price discrimination proceeds along the dimension of quality of advice offered. High quality advice and appropriate … unnecessary or insufficient procedures. The welfare consequences of price discrimination are ambiguous: On the one hand, price …
Persistent link: https://www.econbiz.de/10005504480
This paper analyses the impact of competition among downstream firms on an upstream firm's payoff and on its incentive to vertically integrate when firms on both segments negotiate optimal contracts. We argue that tougher competition decreases the downstream industry profit, but improves the...
Persistent link: https://www.econbiz.de/10005497922
law of one price (LOOP) for identical products sold in a variety of countries. We find median deviations of twenty to …
Persistent link: https://www.econbiz.de/10005497930
The paper offers a new theoretical framework to examine the role of intermediaries between creators and users of new inventions. We find that uncertainty about the profitability of investing in new inventions generates a basis for intermediation. An intermediary may provide an opportunity to...
Persistent link: https://www.econbiz.de/10005498006
the merging firms a prominent position in the marketplace, in which case their price may even be lower than the price of …
Persistent link: https://www.econbiz.de/10011083482
faster trading speed. Asset prices decrease when there is intermediation competition and are further depressed by price …
Persistent link: https://www.econbiz.de/10011084319