The Melitz model highlights the importance of the extensive margin (the number of firms exporting) for trade flows. Using the World Bank’s Exporter Dynamics Database (EDD) featuring firm-level exports from 50 countries, we find that around 50% of variation in exports is along the extensive...

The Melitz model highlights the importance of the extensive margin (the number of firms exporting) for trade flows. Using the World Bank's Exporter Dynamics Database (EDD) featuring firm-level exports from 50 countries, we find that around 50 percent of variation in exports is along the...

Neue Geschäftsmodelle verändern traditionelle Märkte. Dies ist Folge der digitalen Transformation, die für eine immer größer werden Zahl von Unternehmen und in immer mehr Branchen zu einer existenziellen Herausforderung wird. Gerade etablierte Unternehmen, die seit mehreren Jahrzehnten mit...

This paper develops and estimates a model of indivisibilities in shipping and economies of scale in consolidation. It uses highly detailed data on imports for which it is possible to observe the contents of individual containers. In the model, a firm is able to adapt to indivisibility...

This Article is a survey of the highlights of noteworthy sales cases from 2017 decided under Article 2 of the Uniform Commercial Code. Particular Article 2, There were interesting developments under Article 2, including a case that addressed multiple scope and formation issues in which plaintiff...

We respond to recent failed initiatives of the Czech banking market to develop business models for the sale of retail deposit products, based on third-party distribution channels. We argue that the issue is the application of inappropriate capital budgeting methods. While static cost-benefit...