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This paper presents theory and evidence that tighter credit constrains force firms to produce lower quality. The paper develops a quality sorting model that predicts that tighter credit constraints faced by a firm reduce its optimal prices due to its choice of lower-quality products. Conversely,...
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from the National Bureau of Statistics of China (NBSC) and Chinese customs data strongly supports quality sorting and …
Persistent link: https://www.econbiz.de/10013027603
from the National Bureau of Statistics of China (NBSC) and Chinese customs data strongly supports quality sorting and …
Persistent link: https://www.econbiz.de/10013065613
, Chinese firm-level data from the National Bureau of Statistics of China (NBSC), and Chinese customs data strongly supports the …
Persistent link: https://www.econbiz.de/10013315727
Persistent link: https://www.econbiz.de/10011566641
, Chinese firm-level data from the National Bureau of Statistics of China (NBSC), and Chinese customs data strongly supports the …
Persistent link: https://www.econbiz.de/10009786048
export prices. We identify a theoretical mechanism behind these links, which suggests that a more unequal income distribution … countries ́first and second moment of the income distribution are important determinants of export prices. Controlling for …
Persistent link: https://www.econbiz.de/10009764401
patterns in export prices at the level of products or firms. In this paper, a unified theoretical framework of firm … heterogeneity in cost and quality is brought to bear on an expansive data set of U.S. import transaction prices collected by the … differentiation at the detailed product level; highly differentiated products account for about half of U.S. import value. The product …
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