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Towards a unifying approach of the 'new economic geography'
Pflüger, Michael (contributor); Südekum, Jens (contributor) - 2006
Models of the new economic geography share a number of common conclusions, but also exhibit notable differences, in particular with respect to the shape of the location pattern and the efficiency of the market equilibrium. This reflects the fact that these models rely heavily on specific...
Persistent link: https://www.econbiz.de/10003355651
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Intra-industry adjustment to import competition : theory and application to the German clothing industry
Raff, Horst; Wagner, Joachim - 2009
This paper uses an oligopoly model with heterogeneous firms to examine how an industry adjusts to rising import competition. The model predicts that in the short run the least efficient firms in the industry become inactive, surviving firms face a fall in output, mark-ups and profits, and the...
Persistent link: https://www.econbiz.de/10003900012
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A global view of cross-border migration
Di Giovanni, Julian; Levchenko, Andrei A.; Ortega, Francesc - 2012
This paper evaluates the welfare impact of observed levels of migration and remittances in both origins and destinations, using a quantitative multi-sector model of the global economy calibrated to aggregate and firm-level data on 60 developed and developing countries. Our framework accounts...
Persistent link: https://www.econbiz.de/10009545275
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Trade and industrial policies with heterogeneous firms : the role of country asymmetries
Pflüger, Michael; Russek, Stephan - 2010
This paper explores the role of country asymmetries for trade and industrial policies with heterogeneous firms. Our analysis delivers a number of novel results. First, trade policies, infrastructure policies and industrial policies which improve the business conditions in one country have...
Persistent link: https://www.econbiz.de/10009314284
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Distribution and growth in an economy with limited needs
Saint-Paul, Gilles - 2001
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10011401020
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Heterogeneous firms, trade, and economic policy : insights from a simple two-sector model
Pflüger, Michael; Russek, Stephan - 2011
The robust empirical finding that exporting firms are systematically different from firms that merely serve domestic consumers has inspired the development of a new brand of trade theory, the theory of heterogeneous firms and trade. The establishment of a canonical model due to Melitz (2003) has...
Persistent link: https://www.econbiz.de/10009519889
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Business conditions and default risks across countries
Pflüger, Michael; Russek, Stephan - 2011
The risk of default that business firms face is very significant and differs widely across countries. This paper explores the links between countries' business conditions and international trade embedment and the default risk at the country level from a theoretical point of view. Our main...
Persistent link: https://www.econbiz.de/10009232302
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A simple, analytically solvable Chamberlinian agglomeration model
Pflüger, Michael - 2001
This paper presents a simple, analytically solvable Chamberlinian agglomeration model. As in the canonical core-periphery (CP) model, two agglomerative forces are at work. However, the present model exhibits a "pitchfork bifurcation" rather than the "tomahawk bifurcation" of the CP model.
Persistent link: https://www.econbiz.de/10011403753
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Global sourcing of complex production processes
Schwarz, Christian; Südekum, Jens - 2010
. -- multinational firms ; outsourcing ; intra-firm trade ; offshoring ; vertical FDI …
Persistent link: https://www.econbiz.de/10009300131
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On the organizational structure of multinational firms : which sourcing mode for which input?
Südekum, Jens; Nowak, Verena Nina; Schwarz, Christian - 2012
organizational decision is driven by two countervailing effects: the ownership rights effect favors outsourcing, while the "indirect … outsourcing of the "less important" supplier is chosen in equilibrium. We also consider an open economy setup where the producer … decides whether to offshore inputs. -- multinational firms ; outsourcing ; intra-firm trade ; property rights approach …
Persistent link: https://www.econbiz.de/10009539235