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Development Uncorked: Reputation Acquisition in the New Market for Chilean Wines in the UK
Macchiavello, Rocco - C.E.P.R. Discussion Papers - 2010
This paper studies learning effects in new markets using a panel of relationships between Chilean wineries and …. The evidence suggests that learning about wineries is an important determinant of the positive age effects on FOB prices … but also that learning takes considerably long time. Policy implications are discussed. …
Persistent link: https://www.econbiz.de/10008468665
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Production Networks, Geography and Firm Performance
Bernard, Andrew B.; Moxnes, Andreas; Saito, Yukiko U. - C.E.P.R. Discussion Papers - 2015
This paper examines the importance of buyer-supplier relationships, geography and the structure of the production network in firm performance. We develop a simple model where firms can outsource tasks and search for suppliers in different locations. Low search and outsourcing costs lead firms to...
Persistent link: https://www.econbiz.de/10011262884
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Intermediaries in International Trade: Direct versus indirect modes of export
Bernard, Andrew B.; Grazzi, Marco; Tomasi, Chiara - C.E.P.R. Discussion Papers - 2012
volumes. Export intermediaries such as wholesalers serve different markets and export different products than manufacturing …
Persistent link: https://www.econbiz.de/10011083354
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Demand learning and firm dynamics: evidence from exporters
Berman, Nicolas; Rebeyrol, Vincent; Vicard, Vincent - C.E.P.R. Discussion Papers - 2015
This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple … model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets … their beliefs following a new demand shock, the younger they are. To test this learning mechanism, we make use of a specific …
Persistent link: https://www.econbiz.de/10011213311
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Bank Networks: Contagion, Systemic Risk and Prudential Policy
Aldasoro, Iñaki; Delli Gatti, Domenico; Faia, Ester - C.E.P.R. Discussion Papers - 2015
We present a network model of the interbank market in which optimizing risk averse banks lend to each other and invest in non-liquid assets. Market clearing takes place through a tâtonnement process which yields the equilibrium price, while traded quantities are determined by means of a...
Persistent link: https://www.econbiz.de/10011252622
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Relational Contracts and Competitive Screening
Calzolari, Giacomo; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2009
We study the tension between competitive screening and contract enforcement where a principal trades repeatedly with one among several agents, moral hazard and adverse selection coexist, and non-contractible dimensions are governed by relational contracting. We simultaneously characterize...
Persistent link: https://www.econbiz.de/10005082534
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Firm collaboration and modes of innovation in Norway
Fitjar, Rune Dahl; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2011
and interacting’ (DUI) modes of firm learning. The paper classifies different types of firm interaction into STI …
Persistent link: https://www.econbiz.de/10009225958
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Competition and Industry Structure for International Rail Transportation
Friebel, Guido; Ivaldi, Marc; Pouyet, Jérôme - C.E.P.R. Discussion Papers - 2011
This paper investigates various options for the organization of the railway industry when network operators require the access to multiple national networks to provide international (freight or passenger) transport services. The EU rail system provides a framework for our analysis....
Persistent link: https://www.econbiz.de/10009207524
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Takeovers and the Dynamics of Information Flows
Chemla, Gilles - C.E.P.R. Discussion Papers - 2003
This Paper analyses the effect of a possible takeover on information flows and on the terms of trade in business relationships. We consider a long-term relationship between a firm and a privately-informed stakeholder, a buyer for example. In our model, takeovers both increase the surplus from...
Persistent link: https://www.econbiz.de/10005662138
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An Empirical Investigation of Gaming Responses to Explicit Performance Incentives
Courty, Pascal; Marschke, Gerald - C.E.P.R. Discussion Papers - 2002
This Paper studies a particular kind of gaming response to explicit incentives in a large government organization. The gaming responses we consider occur when agents strategically report their performance outcomes to maximize their awards. An important contribution of this work is to examine...
Persistent link: https://www.econbiz.de/10005662347