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Asset Ownership and Foreign-Market Entry

Raff, Horst; Ryan, Michael; Stähler, Frank - CESifo - 2006

This paper examines the link between a firm’s ownership of productive assets and its choice of foreign-market entry strategy. We find that, controlling for industry- and country-specific characteristics, the most productive firms (i.e., those owning the most assets) will enter through...

Persistent link: https://www.econbiz.de/10005405763

Noblesse Oblige? Determinants of Survival in a Life and Death Situation

Frey, Bruno S.; Savage, David A.; Torgler, Benno - CESifo - 2008

This paper explored the determinants of survival in a life and death situation created by an external and unpredictable shock. We are interested to see whether pro-social behaviour matters in such extreme situations. We therefore focus on the sinking of the RMS Titanic as a quasi-natural...

Persistent link: https://www.econbiz.de/10005406217

The Impact of Entry Regulation on Total Welfare: A Policy Experiment

Liu, An-Hsiang; Siebert, Ralph; Zulehner, Christine - CESifo - 2013

This paper evaluates how different lengths of entry regulation impact market structure and market performance using a dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs to vary over time. Firms have the opportunity to...

Persistent link: https://www.econbiz.de/10010670793

Two-Sided Markets with Pecuniary and Participation Externalities

Schmidtke, Richard - CESifo - 2006

The existing literature on "two-sided markets" addresses participation externalities, but so far it has neglected pecuniary externalities between competing platforms. In this paper we build a model that incorporates both externalities. In our setup differentiated platforms compete in advertising...

Persistent link: https://www.econbiz.de/10005196311

Private Provision of a Complementary Public Good

Schmidtke, Richard - CESifo - 2006

For several years, an increasing number of firms have been investing in Open Source Software (OSS). While improvements in such a non-excludable public good cannot be appropriated, companies can benefit indirectly in a complementary proprietary segment. We study this incentive for investment in...

Persistent link: https://www.econbiz.de/10005406315

Entrepreneurial Innovations and Taxation

Haufler, Andreas; Norbäck, Pehr-Johan; Persson, Lars - CESifo - 2011

In many countries entrepreneurship is promoted through tax reductions for small businesses and by various government support schemes. We analyze the effects of such policies to subsidize small businesses in a setting where both the risk-return characteristics of the selected innovation project...

Persistent link: https://www.econbiz.de/10009024844

Spatial Concentration of Manufacturing Firms in China

Brakman, Steven; Garretsen, Harry; Zhao, Zhao - CESifo - 2014

firms in China. Using a unique and detailed dataset on manufacturing firms in China, we are able to follow the changes in … location patterns of firms between 2002 and 2008. Our analysis shows that firms in China are more localized than in the UK or … state-owned firms. Our findings are consistent with the notion that China is increasingly liberalizing its economy, enabling …

Persistent link: https://www.econbiz.de/10010877721

Oil Price Uncertainty and Sectoral Stock Returns in China: A Time-Varying Approach

Caporale, Guglielmo Maria; Ali, Faek Menla; Spagnolo, Nicola - CESifo - 2014

This paper investigates the time-varying impact of oil price uncertainty on stock prices in China using weekly data on …

Persistent link: https://www.econbiz.de/10010877768

The Impact of Yuan Internationalization on the Euro-Dollar Exchange Rate

Benassy-Quere, Agnes; Forouheshfar, Yeganeh - CESifo - 2013

euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stock-flow framework, we show that the …

Persistent link: https://www.econbiz.de/10010877786

Unemployment, Growth and Speed of Transition in China

Fidrmuc, Jan; Huang, Shuo - CESifo - 2013

We investigate the relationship between unemployment and growth in China. We find considerable differences in the … China, furthermore, appears to be close to the level associated with optimal speed of transition. …

Persistent link: https://www.econbiz.de/10010877790