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Which Ladder to Climb? Decomposing Life Cycle Wage Dynamics

Bayer, Christian - 2019

Wages grow and become more unequal as workers age. Economic theory focuses on worker investment in human capital …

Persistent link: https://www.econbiz.de/10012897647

Görtz, Christoph - 2020

We identify total factor productivity (TFP) news shocks using standard VAR methodology and document a new stylized fact: in response to news about future increases in TFP, inventories rise and comove positively with other major macroeconomic aggregates. We show that the standard theoretical...

Persistent link: https://www.econbiz.de/10012834348

Airline Mitigation of Propagated Delays : Theory and Empirics on the Choice of Schedule Buffers

Brueckner, Jan K. - 2019

This paper presents an extensive theoretical and empirical analysis of the choice of schedule buffers by airlines. With airline delays a continuing problem around the world, such an under-taking is valuable, and its lessons extend to other passenger transportation sectors. One useful lesson from...

Persistent link: https://www.econbiz.de/10012861390

What Drives Inventory Accumulation? News on Rates of Return and Marginal Costs

Görtz, Christoph - 2019

inventories react strongly and positively to news about future increases in total factor productivity. Theory suggests that the …

Persistent link: https://www.econbiz.de/10012860577

Decomposing the Disposition Effect

Maier, Johannes; Fischer, Dominik - 2021

We theoretically show that there is a fundamental disconnect between the disposition effect, i.e., investors’ tendency to sell winning assets too early and losing assets too late, and its common empirical measure, namely a positive difference between the proportion of gains and losses...

Persistent link: https://www.econbiz.de/10013324218

Dynamic Ic and Dynamic Programming

Kwon, Suehyun - 2019

This paper develops a dynamic programming method when the one-stage deviation principle in the sense of mechanism design literature doesn’t hold. The commonly used dynamic programming method is valid only if the one-stage deviation principle in the sense of mechanism design literature is...

Persistent link: https://www.econbiz.de/10012889686

Backward Versus Forward Integration of Firms in Global Value Chains

Egger, Peter; Erhardt, Katharina; Masllorens, Gerard - 2021

model of vertical integration in a supplier-producer relationship that is rooted in the property-rights theory to learn …

Persistent link: https://www.econbiz.de/10013224089

Trade Protection Along Supply Chains

Bown, Chad P.; Conconi, Paola; Erbahar, Aksel; … - 2021

During the last decades, the United States has applied increasingly high trade protection against China. We combine detailed information on US antidumping (AD) duties — the most widely used trade barrier — with US input-output data to study the effects of trade protection along supply...

Persistent link: https://www.econbiz.de/10013251244

Supplier Encroachment with Mutual Outsourcing

Milliou, Chrysovalantou; Serfes, Konstantinos - 2023

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

Supply Chain Reliability and International Economic Growth: Impacts of Disruptions like COVID-19

Goel, Rajeev K.; Saunoris, James W.; Goel, Srishti S. - 2020

importance, formal research on the contribution of supply chain logistics, including the relative impacts across different … logistics dimensions, is less. The importance of supply chains has been recently been brought to the forefront in the wake of … examine the relative effects of the different aspects of supply chain logistics on economic growth. Placing the empirical …

Persistent link: https://www.econbiz.de/10012227634

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