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Levine, David K. - 2010

. The implications of the theory both for measurement and government policy are examined …

Persistent link: https://www.econbiz.de/10013135410

Atalay, Enghin - 2014

We use broad-based yet detailed data from the economy's goods-producing sectors to investigate firms' ownership of production chains. It does not appear that vertical ownership is primarily used to facilitate transfers of goods along the production chain, as is often presumed: Roughly one-half...

Persistent link: https://www.econbiz.de/10013066186

Financing as a Supply Chain : The Capital Structure of Banks and Borrowers

Gornall, Will - 2013

We develop a model of the joint capital structure decisions of banks and their borrowers. Strikingly high bank leverage emerges naturally from the interplay between two sets of forces. First, seniority and diversification reduce bank asset volatility by an order of magnitude relative to that of...

Persistent link: https://www.econbiz.de/10013072879

Input Diffusion and the Evolution of Production Networks

Carvalho, Vasco M. - 2014

The adoption and diffusion of inputs in the production network is at the heart of technological progress. What determines which inputs are initially considered and eventually adopted by innovators? We examine the evolution of input linkages from a network perspective, starting from a stylized...

Persistent link: https://www.econbiz.de/10013055829

Unintended Consequences of Products Liability : Evidence from the Pharmaceutical Market

Helland, Eric - 2014

In a complex economy, production is vertical and crosses jurisdictional lines. Goods are often produced by a global or national firm upstream and improved or distributed by local firms downstream. In this context, heightened products liability may have unintended consequences for consumer...

Persistent link: https://www.econbiz.de/10013056589

A Coasian Model of International Production Chains

Fally, Thibault - 2015

International supply chains require coordination of numerous activities across multiple countries and firms. We adapt a model of supply chains and apply it to an international trade setting. In each chain, the measure of tasks completed within a firm is determined by transaction costs and the...

Persistent link: https://www.econbiz.de/10013016019

Credit Rationing and Pass-Through in Supply Chains : Theory and Evidence from Bangladesh

Emran, Shahe - 2020

We extend standard models of price pass-through in an imperfectly competitive supply chain to incorporate rationing of trade credit. Credit rationing reverses predictions concerning effects of raw material import prices on pass-through to wholesale prices, and effects of regulations of...

Persistent link: https://www.econbiz.de/10012844746

Corporate Supply of Index Bonds

Fischer, Stanley - 2008

This paper develops a simple theory of the supply of index bonds by a firm, and uses that model to examine in some … theory involve the trade-off between the tax advantages of using debt finance and the increasing risk of bankruptcy debt … finance involves. The theory is first used to examine the supply of nominal bonds -- it is thus a theory of the debt …

Persistent link: https://www.econbiz.de/10012774768

Trading Tasks : A Simple Theory of Offshoring

Grossman, Gene M. - 2006

For centuries, most international trade involved an exchange of complete goods. But, with recent improvements in transportation and communications technology, it increasingly entails different countries adding value to global supply chains, or what might be called quot;trade in tasks.quot; We...

Persistent link: https://www.econbiz.de/10012779022

Inventories

Ramey, Valerie A.; West, Kenneth D. - 2021

We review and interpret recent work on inventories, emphasizing empirical and business cycle aspects. We begin by documenting two empirical regularities about inventories. The first is the well-known one that inventories move procyclically. The second is that inventory movements are quite...

Persistent link: https://www.econbiz.de/10013210702