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Global Sourcing Decisions and Firm Productivity: Evidence from Spain
Kohler, Wilhelm; Smolka, Marcel - CESifo - 2009
We investigate the link between productivity of firms and their sourcing behavior. Following Antràs & Helpman (2004) we distinguish between domestic and foreign sourcing, as well as between outsourcing and vertical integration. A firm’s choice is driven by a hold-up problem caused by lack of...
Persistent link: https://www.econbiz.de/10008572568
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Global Sourcing of Heterogeneous Firms: Theory and Evidence
Kohler, Wilhelm; Smolka, Marcel - CESifo - 2015
This paper investigates the role of firm productivity in drawing firm boundaries in global sourcing. Our analysis focuses on how productivity affects the allocation of ownership rights between the headquarter of a firm and an intermediate input supplier (vertical integration vs. outsourcing), as...
Persistent link: https://www.econbiz.de/10011155384
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Formal Contracts, Relational Contracts, and the Threat-Point Effect
Itoh, Hideshi; Morita, Hodaka - CESifo - 2011
delivery is of value even when relation-specific investment is purely cooperative. In particular, there is a range of parameter … values in which a higher investment can be implemented only if a formal fixed-price contract is written and combined with an … negative, i.e., the relation-specific investment decreases the surplus under no trade. This possibility, although very …
Persistent link: https://www.econbiz.de/10009228616
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Teamwork as a Self-Disciplining Device
Fahn, Matthias; Hakenes, Hendrik - CESifo - 2014
We show that team formation can serve as an implicit commitment device to overcome problems of self-control. In a situation where individuals have present-biased preferences, any effort that is costly today but rewarded at some later point in time is too low from the perspective of an...
Persistent link: https://www.econbiz.de/10011099758
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Incomplete Contracts and the Impact of Globalization on Consumer Welfare
Defever, Fabrice - CESifo - 2011
We embed a North-South trade model into an incomplete contracts setting where the production of heterogeneous firms can be geographically separated. When a Northern headquarter contracts with a Southern supplier instead of a Northern supplier, the presence of international incomplete contracts...
Persistent link: https://www.econbiz.de/10009144877
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FRAND Royalties and Injunctions for Standard Essential Patents
Choi, Jay Pil - CESifo - 2014
I develop a stylized model of court procedures that resolve disputes concerning FRAND-encumbered standard essential patents (SEPs). I analyze the effects of injunctions and potential court-imposed FRAND rates on negotiated royalty rates. The SEP-holders’ ability to hold-up is constrained by...
Persistent link: https://www.econbiz.de/10010948810
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Incomplete Specialization and Offshoring across Europe
Frensch, Richard; Hanousek, Jan; Kocenda, Evžen - CESifo - 2012
Recent empirical studies have been searching for evidence on and driving forces for offshoring. Frequently, this has been done by analyzing gross trade flows related to offshore activities using gravity equations augmented by ad hoc measures of supply-side country differences. This paper...
Persistent link: https://www.econbiz.de/10010548148
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Can Deunionization Lead to International Outsourcing?
Lommerud, Kjell Erik; Meland, Frode; Straume, Odd Rune - CESifo - 2005
We analyze unionized firms’ incentives to outsource intermediate goods production to foreign (low-cost) subcontractors. Such outsourcing leads to increased wages for the remaining in-house production. We find that stronger unions, which imply higher domestic wages, reduce incentives for...
Persistent link: https://www.econbiz.de/10005766312
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The Impact of R&D Cooperations on Drug Variety Offered on the Market. Evidence from the Pharmaceutical Industry
Banerjee, Tannista; Siebert, Ralph - CESifo - 2014
pharmaceutical industry has different impacts on the technology and product markets. Using a comprehensive dataset on the … though they increased firms’ activity in the technology markets. This result highlights the fact that firms re-optimize their …
Persistent link: https://www.econbiz.de/10010734328
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Market Power of the Input Supplier, Technology Transfer and Consumer Welfare
Cao, Jiyun; Mukherjee, Arijit - CESifo - 2014
goods producer either to license its technology to a competitor or to adopt a less distortionary technology licensing …
Persistent link: https://www.econbiz.de/10011086454