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Adjustment Costs, Inventories and Output
Danziger, Leif - CESifo - 2008
This paper analyzes the optimal adjustment strategy of an inventory-holding firm facing price- and quantity-adjustment costs in an inflationary environment. The model nests both the original menu-cost model that allows production to be costlessly adjusted, and the later model that includes...
Persistent link: https://www.econbiz.de/10005181397
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Lifting the Veil: The Face of TFP in an Indian Rail Mill
Das, Sanghamitra; Krishna, Kala M.; Lychagin, Sergey; … - CESifo - 2011
We use a proprietary data set on the floor-level operations at the Bhilai Rail and Structural Mill (RSM) in India to understand how output rose sharply in response to competitive pressures. Output increases came predominantly from reductions in production delays of various kinds. We model...
Persistent link: https://www.econbiz.de/10009225826
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'By a Silken Thread': Regional Banking Integration and Pathways to Financial Development in Japan's Great Recession
Hoffmann, Mathias; Okubo, Toshihiro - CESifo - 2013
How do financial development and financial integration interact? We focus on Japan’s Great Recession after 1990 to … reference to prefectures’ different historical pathways to financial development. After Japan’s opening to trade in the 19th …, the main export hub for silk, provided silk reelers with trade loans. Many regional banks in Japan were founded as local …
Persistent link: https://www.econbiz.de/10010607005
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Do Entrepreneurs Matter?
Becker, Sascha O.; Hvide, Hans K. - CESifo - 2013
In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...
Persistent link: https://www.econbiz.de/10010607007
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Firm Level Productivity under Imperfect Competition in Output and Labor Markets
Amoroso, Sara; Kort, Peter M.; Melenberg, Bertrand; … - CESifo - 2010
This article examines the role of the interaction between product market and labor market imperfections in determining total factor productivity growth (TFPG). Embedding Dobbelaere and Mairesse’s (2009) generalization of Hall’s (1990) approach, allowing for the possibility that wages are...
Persistent link: https://www.econbiz.de/10008583691
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Interest Rate Pass-Through and Monetary Policy Asymmetry: A Journey into the Caucasian Black Box
Jamilov, Rustam; Egert, Balazs - CESifo - 2013
This paper analyses the interest rate pass-through for five economies of the Caucasus – Armenia, Azerbaijan, Georgia, Kazakhstan, and Russia. Employing an autoregressive distributed lag (ARDL) specification to monthly data, we find that the interest rate pass-through is systematically...
Persistent link: https://www.econbiz.de/10010627566
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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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Team Production, Gender Diversity, and Male Courtship Behavior
Siemens, Ferdinand von - CESifo - 2015
This theoretical paper explores the impact of gender diversity on team production. The key assumption is that men derive utility from signaling high ability to female colleagues. The analysis shows that some gender diversity maximizes expected team production if (i) men and women have similar...
Persistent link: https://www.econbiz.de/10011205381
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Global Sourcing of Complex Production Processes
Schwarz, Christian; Suedekum, Jens - CESifo - 2011
We develop a theory of a firm in an incomplete contracts environment which decides on its complexity, organization, and global scale. Specifically, the firm decides i) how thinly it wants to slice its production process by choosing the mass of symmetric intermediate inputs that are...
Persistent link: https://www.econbiz.de/10009278130
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Teams and Tournaments in Relational Contracts
Kvaløy, Ola; Olsen, Trond - CESifo - 2014
We analyze relational contracts for a set of agents when either (a) only aggregate output or (b) individual outputs are observable. A team incentive scheme, where each agent is paid a bonus for aggregate output above a threshold, is optimal in case (a). The team’s efficiency may increase...
Persistent link: https://www.econbiz.de/10010765495