Showing 1 - 10 of 136
We study competition among market designers who create new trading platforms, when boundedly rational traders learn to select among them. We ask whether efficient platforms, leading to market - clearing trading outcomes, will dominate the market in the long run. If several market designers are...
Persistent link: https://www.econbiz.de/10013317023
We show that in successful episodes of export market entry, there are statistically and economically significant post …
Persistent link: https://www.econbiz.de/10012841929
We provide an overview and synthesis of recent work on models of monopolistic competition with heterogeneous firms in international trade, paying particular attention to competition effects, pass-through, selection effects, and linking distributions of firm characteristics and outcomes. A...
Persistent link: https://www.econbiz.de/10012858197
export experience in a market are more likely to source service inputs from there. We rationalize this fact in a model where … firms are initially uncertain about how successful they are as exporters, but learn their export profitability as they keep … they become sufficiently confident about their export prospects, i.e., once they acquire enough export experience. More …
Persistent link: https://www.econbiz.de/10013224075
their profitability in different countries and products, but learn it as they start to export. As a consequence, exporters …, we find empirical support consistent with such a mechanism, where firms learn from their initial export experiences and …
Persistent link: https://www.econbiz.de/10013224082
The exceptional export performance of foreign-owned firms is a well-established stylized fact, but the underlying …
Persistent link: https://www.econbiz.de/10013251264
In this paper, employing transaction level data for Russian imports, we explore the role of multi-product shipments in explaining shipping patterns across countries. First, we document that firms from more developed countries include on average more different products into a single shipment. We...
Persistent link: https://www.econbiz.de/10013315049
study how different types of sanctions affect the export behaviour of firms to the targeted countries. We combine Danish … from the Global Sanctions Database. Our data allow us to study firms’ export behaviour in 62 sanctioned countries … objectives of sanctions, and (iii) countries subject to sanctions. Results confirm that the effects of sanctions on firms’ export …
Persistent link: https://www.econbiz.de/10014241616
This paper studies the investment decision by a monopolistic internet service provider (ISP) in different regulatory environments. We consider that the ISP could technically provide separate quality upgrades to two vertically differentiated content providers (CPs); therefore, it could...
Persistent link: https://www.econbiz.de/10012841934
Over the period 2015-2017, the five giant technologically leading firms, Google, Amazon, Facebook, Amazon and Microsoft (GAFAM) acquired 175 companies, from small start-ups to billion dollar deals. By investigating this intense M&A, this paper ambitions a better understanding of the Big Five's...
Persistent link: https://www.econbiz.de/10012842674