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Fragmentation, Outsourcing and the Service Sector

Long, Ngo Van; Riezman, Ray; Soubeyran, Antoine - Centre Interuniversitaire de Recherche en Analyse des … - 2001

We show that the growth of the service sector facilitates outsourcing, or fragmentation of production. Services link … fragmentation. On the other hand, if there are high transport costs with a bias against complex specialized services, then free … trade in specialized services may work against fragmentation. On montre que la croissance du secteur des services facilite …

Persistent link: https://www.econbiz.de/10005100860

An experimental study of trading volume and divergence of expectations in relation to earnings announcement

Dinh, Thanh Huong; Gajewski, Jean-François - Centre Interuniversitaire de Recherche en Analyse des … - 2007

The objective is to study from an experimental point of view investors' reactions to the announcement of annual earnings in terms of trading volume. Annual net income is seen by shareholders as the most important figure, since it is, for individual accounts, the basis for determining profit by...

Persistent link: https://www.econbiz.de/10005169008

Stochastic Volatility and Time Deformation: An Application to Trading Volume and Leverage Effects

Ghysels, Eric; Jasiak, Joanna - Centre Interuniversitaire de Recherche en Analyse des … - 1995

In this paper, we study stochastic volatility models with time deformation. Such processes relate to early work by Mandelbrot and Taylor (1967), Clark (1973), Tauchen and Pitts (1983), among others. In our setup, the latent process of stochastic volatility evolves in a operational time which...

Persistent link: https://www.econbiz.de/10005101089

The Market for Reinsurance

Boyer, M. Martin; Dupont-Courtade, Théodora - Centre Interuniversitaire de Recherche en Analyse des … - 2013

Using a unique proprietary dataset of primary insurers and reinsurers, we analyze the structure of the reinsurance market. The dataset, which spans six years, contains the quotes for different reinsurance layers, for different clients, for different treaties, and for different lines of business....

Persistent link: https://www.econbiz.de/10011183726

Vertical R&D Spillovers, Cooperation, Market Structure, and Innovation

Atallah, Gamal - Centre Interuniversitaire de Recherche en Analyse des … - 2000

This paper studies vertical R&D spillovers between upstream and downstream firms. The model incorporates two vertically related industries, with horizontal spillovers within each industry and vertical spillovers between the two industries. Four types of R&D cooperation are studied: no...

Persistent link: https://www.econbiz.de/10005273027

Regulation, Market Structure and Service Trade Liberalization

Konan, Denise Eby; Assche, Ari Van - Centre Interuniversitaire de Recherche en Analyse des … - 2006

In this paper, we develop a method to quantify the importance of regulation and market structure on the success of trade liberalization. For this purpose, we incorporate a single imperfectly competitive service sector that can take on various market structures into a standard computational...

Persistent link: https://www.econbiz.de/10005100794