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Financial crises and the global supply network: Evidence from multinational enterprises

Basco, Sergi; Felice, Giulia; Merlevede, Bruno; … - 2023

This paper empirically examines the effects of financial crises on the organization of production of multinational enterprises. We construct a panel of European multinational networks from 2003 through 2015. We use as a financial shock the increase in risk premia between August 2007 and July...

Persistent link: https://www.econbiz.de/10014480534

The Veblen-Gerschenkron Effect of FDI in Mezzogiorno and East Germany

Urban, Dieter M.; Peri, Giovanni - 2002

or sector, it is their productivity advantage on the local firm to determine the positive effect on domestic productivity … significant and robust Veblen-Gerschenkrion effect. The initial total factor productivity advantage of MNEs on local firm acts as … a stimulus for productivity growth of local firms in the same region. …

Persistent link: https://www.econbiz.de/10010276891

Examining US productivity: Knowledge flows from industry and country sources

Koch, William - 2008

This paper examines Total Factor Productivity (TFP) and knowledge flows, using international patent data. The result is …-industry innovation enhances domestic productivity, and domestic between industry innovations are productivity enhancing. However, foreign …-sourced between-industry innovation has a negative effect on domestic productivity. This highlights the dual aspect of patents as a …

Persistent link: https://www.econbiz.de/10010285349

Downstream investment in oligopoly

Buehler, Stefan; Schmutzler, Armin - 2003

We examine cost-reducing investment in vertically-related oligopolies, where firms may be vertically integrated or separated. Analyzing a standard linear Cournot model, we show that: (i) Integrated firms invest more than separated competitors. (ii) Vertical integration increases own investment...

Persistent link: https://www.econbiz.de/10010315492

Estimating vertical foreclosure in US gasoline supply

Aydemir, Zava; Buehler, Stefan - 2002

We examine the competitive effects of the vertical integration of gasoline refineries and retailers in the U.S. Adapting the first-order condition approach of static oligopoly games to the analysis of vertically related oligopolies, we develop a novel framework for directly evaluating the...

Persistent link: https://www.econbiz.de/10010315497

Intimidating competitors: Endogenous vertical integration and downstream investment in successive oligopoly

Bühler, Stefan; Schmutzler, Armin - 2005

We examine the interplay of endogenous vertical integration and costreducing downstream investment in successive oligopoly. We start from a linear Cournot model to motivate our more general reducedform framework. For this general framework, we establish the following main results: First,...

Persistent link: https://www.econbiz.de/10010315531

Asymmetric vertical integration

Buehler, Stefan; Schmutzler, Armin - 2004

We examine vertical backward integration in a reducedform model of successive oligopolies. Our key findings are: (i) There may be asymmetric equilibria where some firms integrate and others remain separated, even if firms are symmetric initially; (ii) Efficient firms are more likely to integrate...

Persistent link: https://www.econbiz.de/10010315532

Supply Chain Control: a Theory of Vertical Integration

Ursino, Giovanni - 2015

Improving a company's bargaining position is often cited as a chief motivation to vertically integrate with suppliers. This paper expands on that view in building a new theory of vertical integration. In my model firms integrate to gain bargaining power against other suppliers in the production...

Persistent link: https://www.econbiz.de/10011739601

Taxation, industry integration and production efficiency

Moriconi, Simone - 2016

Taxes levied on production processes (e.g. VAT), are today a very important source of government revenues in developed economies. Theories of optimal taxation conclude that these taxes are detrimental to production efficiency, when firms operate in perfectly competitive markets. These theories...

Persistent link: https://www.econbiz.de/10011739617

Use and abuse of authority: A behavioral foundation of the employment relation

Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2012

Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However, there is a tradeoff, first pointed out by Simon (1951), between flexibility and employer moral hazard. An employment contract allows the principal to adjust the task quickly to...

Persistent link: https://www.econbiz.de/10010316905