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The recent literature on firm-to-firm trade has documented salient empirical regularities of the buyer-seller network. We propose a simplistic re-interpretation of the classical Krugman (1980) model that accounts for surprisingly many of the empirical regularities. This re-interpretation relies...
Persistent link: https://www.econbiz.de/10013224077
Are land locked countries subject to sea-level rise risk? We highlight a new mechanism by which physical climate shocks affects countries’ macro-financial performance: the cross-border spillover effects that propagate through international trade. Basing our findings on historical data between...
Persistent link: https://www.econbiz.de/10014357033
We examine the incentives and implications of supplier encroachment, when final good produc-tion requires the use of multiple complementary inputs and the entry of a supplier into the final good market gives rise to mutual outsourcing of inputs between the encroaching supplier and the incumbent....
Persistent link: https://www.econbiz.de/10014347224
With (automatic) exchange of tax information among countries now common, tax evaders have had to find new ways to hide … probability that their tax evasion is detected through information exchange. Using data on cross-border bank deposits, we find …
Persistent link: https://www.econbiz.de/10013237222
' expectations about pension reform vary with proximity to reforms, information cost, and aggregate information acquisition. We … whether the reform is announced; (2) Aggregate online search increases after announcements, when the cost of information is … lower; (3) Reform announcements and online information gathering are substitutes in the formation of expectations; (4 …
Persistent link: https://www.econbiz.de/10012861423
We propose that multinational firms learn about their profitability in a particular market by observing their performance in nearby markets. We first develop a model of firm expectations formation with noisy signals from multiple markets and derive predictions on expectations formation and...
Persistent link: https://www.econbiz.de/10012825991
survey experiment with informational messages. In EU countries, a message about protecting health largely increases …
Persistent link: https://www.econbiz.de/10013305653
Empirical evidence shows that the perception of information is strongly concentrated in those environments in which a … information is assessed in terms of its contribution to productivity …
Persistent link: https://www.econbiz.de/10013316668
Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of similar countries. We motivate this hypothesis with a simple...
Persistent link: https://www.econbiz.de/10010281046
I present the following proposal: information revealed during non-cartel investigations by competition law enforcement … investigate and prosecute cartels. Currently, in several jurisdictions, information acquired in, for example, a M&A investigation … that govern information use. Reviewing the management and corporate strategy literature, I note that M&As form a vital part …
Persistent link: https://www.econbiz.de/10010277361