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Trade in Business Services in General Equilibrium

Markusen, James R.; Strand, Bridget - C.E.P.R. Discussion Papers - 2007

Trade in business services has been attracting attention from academic researchers, policy makers, and business journalists. While there are many anecdotes, there has been little in the way of formal theory applied to this issue. In this paper, we adapt a general model of fragmentation of...

Persistent link: https://www.econbiz.de/10005662176

Why is a Flexible World More Insecure? The Way Outsourcing Amplifies Uncertainty

Thesmar, David; Thoenig, Mathias - C.E.P.R. Discussion Papers - 2002

. Outsourcing decisions then balance flexibility gains against hold-up costs of opportunistic behaviour by outside contractors. In … equilibrium, the degree of outsourcing is shown to depend on the degree of product market competition, contractor's bargaining … power, and the volatility of demand shocks. Our main result is that an increase in the degree of outsourcing amplifies the …

Persistent link: https://www.econbiz.de/10005789121

Organizations and Trade

Antràs, Pol; Rossi-Hansberg, Esteban - C.E.P.R. Discussion Papers - 2008

We survey an emerging literature at the intersection of organizational economics and international trade. We argue that a proper modelling of the organizational aspects of production provides valuable insights on the aggregate workings of the world economy. In reviewing the literature, we...

Persistent link: https://www.econbiz.de/10005791747