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Learning and the value of relationships in international trade

Monarch, Ryan; Schmidt-Eisenlohr, Tim - 2016

How valuable are long-term supplier relationships? To address this question, this paper explores relationships between U.S. importers and their suppliers abroad. We first establish several facts: almost half of U.S. imports are in relationships three years or older, relationship survival and...

Persistent link: https://www.econbiz.de/10011417707

The dynamics of outsourcing : from labor cost-saving to preference-based outsourcing

Cheng, Wan-jung; Riezman, Raymond Glenn; Wang, Ping - 2020

Ronald W. Jones (2000) celebrated book has inspired a generation of work that has been devoted to understanding the causes and consequences of outsourcing. While much of this work has focused on the outsourcing versus domestic production decision of the firm with labor cost-saving as the key...

Persistent link: https://www.econbiz.de/10012211546

Behavioral New Keynesian models : learning vs. cognitive discounting

Meggiorini, Greta; Milani, Fabio - 2021

This paper estimates a New Keynesian model with new and old behavioral elements. Agents in the model exhibit cognitive discounting, or myopia: they discount variables far into the future at higher rates than typically implied in the benchmark model. We investigate the model under different...

Persistent link: https://www.econbiz.de/10012509319

Counter intuitive learning : an exploratory study

Hanaki, Nobuyuki; Kirman, Alan P.; Pezanis-Christou, Paul - 2016

The literature on learning in unknown environments emphasises reinforcing on actions which produce positive results. But, in some cases, success requires shifting from a currently successful actions to others. We examine, experimentally and theoretically in a very simple framework, how...

Persistent link: https://www.econbiz.de/10011517970

Exchange rate uncertainty and labour market adjustment under fixed and flexible exchange rates

Chen, Yu-Fu; Funke, Michael - 2002

The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we follow the real options approach, which allows us to investigate the...

Persistent link: https://www.econbiz.de/10011541121

Mergers, investment decisions and internal organisation

Banal-Estañol, Albert; Macho-Stadler, Inés; … - 2003

We analyse the effects of investment decisions and firms internal organisation on the efficiency and stability of horizontal mergers. In our framework economies of scale are endogenous and there might be internal conflict within merged firms. We show that often stable mergers do not lead to more...

Persistent link: https://www.econbiz.de/10011507904

Two-sided markets and electronic intermediaries

Jullien, Bruno (contributor) - 2004

The object of this paper is to discuss on-line intermediation from the perspective of two-sided markets. It builds a simple model of the intermediation activity when trading partners are involved in a commercial relationship and uses it to illustrate some of the results that emerge in the...

Persistent link: https://www.econbiz.de/10002521690

Community Enterprises : an institutional innovation

Frey, Bruno S.; Lüthi, Roger; Osterloh, Margit - 2011

organizational theory, innovation economics, and industrial organization should therefore be critically examined. -- theory of the …Management research has long focused on the theory of the firm, studying for-profit organizations that produce … firm ; organization theory ; for-profit firms ; community enterprise ; Wikipedia …

Persistent link: https://www.econbiz.de/10009124215

The firm as a pool of factor complementarities

Lindbeck, Assar; Snower, Dennis J. - 2003

Persistent link: https://www.econbiz.de/10009763532

The division of labor and the market for organizations

Lindbeck, Assar; Snower, Dennis J. - 2000

Persistent link: https://www.econbiz.de/10009763540

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