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Export Hysteresis, Capacity Constraints and Uncertainty: A Smooth-Transition Analysis for Euro Area Member Countries
Belke, Ansgar; Wagemester, Jan - 2017
are widened by uncertainty. Our econometric model for six euro area countries suggests domestic demand and capacity … regression model and find that domestic demand developments and uncertainty are relevant for short-run export dynamics … empirical results are robust to the inclusion of a variable measuring European policy uncertainty. In some cases (Italy, Greece …
Persistent link: https://www.econbiz.de/10011744940
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Still in Search of the Sunk Cost Bias
Negrini, Marcello; Riedl, Arno; Wibral, Matthias - 2021
Evidence from hypothetical scenarios strongly suggests the existence of a sunk cost bias, the tendency to ‘throw good money after bad money.’ However, the few studies using incentives are inconclusive. In addition, evidence on potential psychological channels underlying such a bias is...
Persistent link: https://www.econbiz.de/10013315181
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Exports and Capacity Constraints: Evidence for Several Euro Area Countries
Belke, Ansgar; Oeking, Anne; Setzer, Ralph - 2015
We argue that, under certain conditions, firms consider exports as a substitute for domestic demand. Our econometric model for six euro area countries suggests domestic demand and capacity constraints as additional variables for export equations. We apply the exponential and logistic variant of...
Persistent link: https://www.econbiz.de/10011307117
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Preemption, start-up decisions and the firms' capital structure
Moretto, Michele; Panteghini, Paolo M. - 2007
In this article, we analyse the interactions between financial and start-up decisions in an oligopolistic framework, where firms compete to enter a new market. We show that preemption can substantially reduce the negative effects of credit rationing on start-up investment decisions.
Persistent link: https://www.econbiz.de/10010264136
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Concentration and market size: lower bound estimates for the Brazilian industry
Resende, Marcelo - 2008
The paper estimates the lower bound for market concentration taking as reference the framework advanced by Sutton (1991). Quantile regression methods were considered in the context of the Brazilian manufacturing industry in 2005 and separate estimates were obtained for exogenous and endogenous...
Persistent link: https://www.econbiz.de/10010264469
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Managing migration through conflicting policies : an option-theory perspective
Moretto, Michele; Vergalli, Sergio - 2009
uncertainty over this migration upper bound may improve the government's control on migration inflows (quotas). This could explain …
Persistent link: https://www.econbiz.de/10010266040
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Incomplete contracts and the impact of globalization on consumer welfare
Defever, Fabrice - 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/10010274807
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Competition and trust: Evidence from German car manufacturers
Felli, Leonardo; Koenen, Johannes; Stahl, Konrad O. - 2011
We explore the determinants and effects of trust relationships between upstream suppliers and downstream producers. Using unique survey data on individual supplier-buyer relationships in the German automotive industry, we show, by means of different measures of supplier-buyer trust, that higher...
Persistent link: https://www.econbiz.de/10010274959
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Formal contracts, relational contracts, and the threat-point effect
Itoh, Hideshi; Morita, Hodaka - 2011
Can formal contracts help resolving the holdup problem? We address this important question by studying the holdup problem in repeated transactions between a seller and a buyer in which the seller can make relation-specific investments in each period. In contrast to previous findings, we...
Persistent link: https://www.econbiz.de/10010277359
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Breakthrough renewables and the green paradox
van der Ploeg, Rick - 2012
costs have to be made. Not the arrival of this substitute matters for efficiency, but the uncertainty about the timing of …
Persistent link: https://www.econbiz.de/10010289634