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The determinants of vertical integration in export processing: theory and evidence from China

Fernandes, Ana; Tang, Heiwai - London School of Economics (LSE) - 2010

Using detailed product-level export data for China and a variant of the Antràs and Helpman (2004) model that includes investments in component search, we examine the sectoral determinants of foreign direct investment (FDI) versus foreign outsourcing in export processing trade. We exploit the...

Persistent link: https://www.econbiz.de/10011071204

The dynamics of venture capital contracts

Bienz, Carsten; Hirsch, Julia - London School of Economics (LSE) - 2005

We analyze the degree of contract completeness with respect to staging of venture capital investments using a hand …-collected German data set of contract data from 464 rounds into 290 entrepreneurial firms. We distinguish three forms of staging (pure … milestone financing, pure round financing and mixes). Thereby, contract completeness reduces when going from pure milestone …

Persistent link: https://www.econbiz.de/10010746202

Intra-firm trade and product contractibility (Long Version)

Bernard, Andrew B.; Redding, Stephen - London School of Economics (LSE) - 2010

This paper examines the determinants of intra-firm trade in U.S. imports using detailed countryproductdata. We create a new measure of product contractibility based on the degree ofintermediation in international trade for the product. We find important roles for the interaction ofcountry and...

Persistent link: https://www.econbiz.de/10010746596

Multi-product firms and product switching

Bernard, Andrew B.; Redding, Stephen; Schott, Peter.K - London School of Economics (LSE) - 2006

This paper examines the frequency, pervasiveness and determinants of product switching among U.S. manufacturing firms. We find that two-thirds of firms alter their mix of five-digit SIC products every five years, that one-third of the increase in real U.S. manufacturing shipments between 1972...

Persistent link: https://www.econbiz.de/10010745234

Product differentiation and firm size distribution: an application to carbonated soft drinks

Walsh, Patrick Paul; Whelan, Ciara - London School of Economics (LSE) - 2002

Using brand-level retail data, the firm size distribution in carbonated soft drinks is shown to be an outcome of the degree to which firms have placed brands effectively (store coverage) across vertical (flavour, packaging, diet attributes) segments of the market. Regularity of the firm size...

Persistent link: https://www.econbiz.de/10010745866

Product differentiation, uncertainty and the stability of collusion

Raith, Michael A. - London School of Economics (LSE) - 1996

The conventional view that product heterogeneity limits the scope for collusion among oligolpolists has been challenged in recent theoretical work. This paper provides an argument in support of the conventional view by emphasising the role of uncertainty. I introduce the idea that, with...

Persistent link: https://www.econbiz.de/10010746624

Advertising and endogenous exit in a differentiated duopoly

Mantovani, Andrea; Mion, Giordano - London School of Economics (LSE) - 2006

In this paper we consider a two-stage duopoly game where firms first decide whether to invest in advertising and then compete in prices. Advertising has two effects: a market enlargement for both firms and a predatory gain for the investing firm only. Both symmetric and asymmetric equilibria may...

Persistent link: https://www.econbiz.de/10011071103

Differential merger effects: the case of the personal computer industry

Genakos, Christos D. - London School of Economics (LSE) - 2004

This paper examines how information on the purchasing patterns of different customer segments can be used to more accurately evaluate the economic impact of mergers. Using a detailed dataset for the leading manufacturers in the US during the late nineties, I evaluate the welfare effects of the...

Persistent link: https://www.econbiz.de/10010928622

Product choice and product switching

Bernard, Andrew B.; Redding, Stephen; Schott, Peter K. - London School of Economics (LSE) - 2003

This paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by U.S. manufacturers. Two-thirds of continuing firms change their product mix every five years, and product switches involve more than...

Persistent link: https://www.econbiz.de/10010884551

The place of contract in organizational awareness: deconstructing process, market and connectedness

Scott, Susan V.; Paris, Carolyn - London School of Economics (LSE) - 2010

Throughout modern business history, contract has been used as an organizational technology that holds counterparties in … formal or legally binding agreements. The proliferation of contract prompted the emergence of professional contract managers …), contract has come to be seen as a standard coordination device whose foundational assumptions are taken for granted. In this …

Persistent link: https://www.econbiz.de/10010744884