Showing 1 - 7 of 7
We develop a model in which the heterogeneous firms in an industry choose their modes of organization and the location of their subsidiaries or suppliers. We assume that the principals of a firm are constrained in the nature of the contracts they can write with suppliers or employees. Our main...
Persistent link: https://www.econbiz.de/10012469300
In this paper we ask whether a policy of targeted export promotion can raise domestic welfare when several oligopolistic industries all draw on the same scarce factor of production. Our point of departure is one of Cournot duopoly in which a single home firm competes with a single foreign firm...
Persistent link: https://www.econbiz.de/10012477753
In this paper we provide an integrative treatment of the welfare effects of trade and industrial policy under oligopoly …
Persistent link: https://www.econbiz.de/10012477861
Using responses obtained through the Nielsen Homescan panel survey, we explore the differences between managers' and … non-managers' expectations and perceptions of inflation and unemployment. By and large, managers and non-managers exhibit … information provided in a randomized control trial. Finally, the inflation expectations of managers deviate systematically from …
Persistent link: https://www.econbiz.de/10013191080
We study the (lack of) anchoring of inflation expectations in New Zealand using a new survey of firms. Managers of … Reserve Bank of New Zealand, a fact which we document along a number of dimensions. Managers are unaware of the identities of …
Persistent link: https://www.econbiz.de/10012061904
"anchored" expectations, the inflation expectations of U.S. managers appear far from anchored, much like those of households …. And like households, U.S. managers are largely uninformed about recent aggregate inflation dynamics or monetary policy …
Persistent link: https://www.econbiz.de/10012533385
, labor and "managers", each with a distribution of ability levels. Production combines a manager of some type with a group of …
Persistent link: https://www.econbiz.de/10012459150