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Persistent link: https://www.econbiz.de/10003647270
theory of knowledge hierarchies in an industry equilibrium model of monopolistic competition to examine how the economic … test the theory with original and matched parent and affiliate data on the level of decentralization of 660 Austrian and … competitive host market, the human resource policy of the multinational firm, and when an innovative technology is transferred to …
Persistent link: https://www.econbiz.de/10012119950
Persistent link: https://www.econbiz.de/10003498634
In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find that partial ownership arrangements can be more profitable for the acquiring and acquired firm because they can result in a greater dampening of competition. We also derive...
Persistent link: https://www.econbiz.de/10003925257
After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is … market is one of imperfect competition, but even so the cross-subsidy argument is unlikely to be valid. A qualitative …
Persistent link: https://www.econbiz.de/10011507914
Recent contributions on offshoring often assume that firms can freely split their production process into separate steps which can be ranked according to the cost savings from producing abroad. We replace this assumption by the notion of a technologically determined sequence of production steps....
Persistent link: https://www.econbiz.de/10003808676
We study a model of network formation and start-up financing with endogenous entrepreneurial type distribution. A hub firm admits members to its network based on signals about entrepreneurs' types. Network membership is observable, which allows lenders to offer different interest rates to...
Persistent link: https://www.econbiz.de/10003974212
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge …
Persistent link: https://www.econbiz.de/10011397182
We investigate the trade-off between the risk-sharing gains enjoyed by more interconnected firms and the costs resulting from an increased risk exposure. We find that when the shock distribution displays "fat" tails, extreme segmentation into small components is optimal, while minimal...
Persistent link: https://www.econbiz.de/10010260030
theory-based measures for production networks from a multi-sector gravity model with inter-sectoral linkages to analyze the …
Persistent link: https://www.econbiz.de/10011517926