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Shipment frequency of exporters and demand uncertainty
Békés, Gábor; Fontagné, Lionel Gérard; Muraközy, … - 2014
Firms adjust to differences in market size and demand uncertainty by changing the frequency and size of their export shipments. In our inventory model, transportation costs and optimal shipment frequency are determined on the basis of demand as well as inventory and per shipments costs. Using a...
Persistent link: https://www.econbiz.de/10010338670
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Inventory control and intermediation in global supply chains
Zhan, Qu; Raff, Horst; Schmitt, Nicolas - 2015
The paper develops a simple theoretical model of inventory control in global supply chains. It identifies a role for intermediaries in managing inventory, and shows that inserting an intermediary as an additional link in a supply chain is profitable when demand volatility is high. It also...
Persistent link: https://www.econbiz.de/10010496944
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What drives inventory accumulation? : news on rates of return and marginal costs
Görtz, Christoph; Gunn, Christopher M.; Lubik, Thomas A. - 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/10012119865
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Is there news in inventories?
Görtz, Christoph; Gunn, Christopher M.; Lubik, Thomas A. - 2020
We identify total factor productivity (TFP) news shocks using standard VAR methodology and document a new stylized fact …
Persistent link: https://www.econbiz.de/10012213178
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Incentives through inventory control in supply chains
Zhan, Qu; Raff, Horst; Schmitt, Nicolas - 2017
The paper shows that taking inventory control out of the hands of competitive or exclusive retailers and assigning it to a manufacturer increases the value of a supply chain especially for goods whose demand is highly volatile. This is because doing so solves incentive distortions that arise...
Persistent link: https://www.econbiz.de/10011742575
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Inventory, sourcing, and the effects of trade costs : theory and empirical evidence
Muris, Chris; Raff, Horst; Schmitt, Nicolas; Stähler, Frank - 2023
We develop a dynamic model of inventory investment and trade to examine how firms adjust to changes in international trade costs when facing a risk of stockouts due to demand uncertainty and order lead times for imports. We study two strategies firms may use to avoid stockouts, namely holding...
Persistent link: https://www.econbiz.de/10013536154
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Firm performance and trade with low-income countries : evidence from China
Schmerer, Hans-Jörg; Wang, Luhang - 2014
evidence for sequential sorting into different export-modes according to firm productivity: i) only the most productive firms …
Persistent link: https://www.econbiz.de/10010391833
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Growing productivity without growing wages : the micro-level anatomy of the aggregate labor share decline
Kehrig, Matthias; Vincent, Nicolas - 2017 - First version: November 2015, this version: March 29, 2017
The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...
Persistent link: https://www.econbiz.de/10011646840
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Trade liberalization, input intermediaries and firm productivity : evidence from China
Defever, Fabrice; Imbruno, Michele; Kneller, Richard - 2019
We investigate theoretically and empirically the role of wholesalers in mediating the productivity effects of trade … liberalization. Intermediaries provide indirect access to foreign produced inputs. The productivity effects of input tariff cuts on … firms experience productivity gains from reducing input tariffs if trade intermediation of foreign inputs within their …
Persistent link: https://www.econbiz.de/10012138753
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Urban-Biased Structural Change
Chen, Natalie; Novy, Dennis; Perroni, Carlo; Wong, … - 2023
aggregate structural change. Rising manufacturing productivity and falling international trade costs further contribute to the … growth of large services firms in the densest urban areas, boosting services productivity and services exports, but also land …
Persistent link: https://www.econbiz.de/10014442769