Showing 1 - 10 of 14
accounting for the geography of their targets' economic activities. We propose a model of global sourcing and international trade … value chains. We find that campaigns are determined by a triadic gravity equation where all three bilateral trade costs … matter for NGO campaigns. Importantly, the sourcing trade costs between the supplier and the firm, which do not involve the …
Persistent link: https://www.econbiz.de/10012693853
We develop a novel theory of mis-allocation within firms (rather than between firms) due to managers' empire building. We introduce an in- ternal capital market into a two-factor model of multi-segment firms. We show that more open markets impose discipline on competition for capital within...
Persistent link: https://www.econbiz.de/10012841027
guide our theoretical analysis. We propose a model of global sourcing and international trade in which heterogeneous NGOs … campaigns are determined by a triadic gravity equation, i.e. bilateral trade costs between the country of the NGO, the country … internationalization of production, falling trade costs boost the internationalization of NGO campaigns. We use our data to estimate the …
Persistent link: https://www.econbiz.de/10012510238
guide our theoretical analysis. We propose a model of global sourcing and international trade in which heterogeneous NGOs … campaigns are determined by a triadic gravity equation, i.e. bilateral trade costs between the country of the NGO, the country … internationalization of production, falling trade costs boost the internationalization of NGO campaigns. We use our data to estimate the …
Persistent link: https://www.econbiz.de/10013228853
This paper develops a novel theory of capital mis-allocation within firms that stems from managers’ empire building and informational frictions within the organization. Introducing an internal capital market into a two-factor model of multi-segment firms, we show that international competition...
Persistent link: https://www.econbiz.de/10013312862
We use oil price forecasts from the Consensus Economic Forecast poll to analyze how forecasters form their expectations. Our findings seem to indicate that the extrapolative as well as the regressive expectation formation hypothesis play a role. Standard measures of forecast accuracy reveal...
Persistent link: https://www.econbiz.de/10010299850
We use oil price forecasts from the Consensus Economic Forecast poll to analyze how forecasters form their expectations. Our findings seem to indicate that the extrapolative as well as the regressive expectation formation hypothesis play a role. Standard measures of forecast accuracy reveal...
Persistent link: https://www.econbiz.de/10003908342
We use oil price forecasts from the Consensus Economic Forecast poll to analyze how forecasters form their expectations. Our findings seem to indicate that the extrapolative as well as the regressive expectation formation hypothesis play a role. Standard measures of forecast accuracy reveal...
Persistent link: https://www.econbiz.de/10012991103
Persistent link: https://www.econbiz.de/10010439205
globalization and cultural diversity. The chapter then presents various applications from trade in cultural goods, foreign direct …
Persistent link: https://www.econbiz.de/10014025397