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The Effects of Business-to-Business E-Commerce on Transaction Costs
Garicano, Luis; Kaplan, Steven N. - 2021
In this paper, we study the changes in transaction costs from the introduction of the Internet in transactions between firms (i.e., business-to-business (B2B) e-commerce). We begin with a conceptual framework to organize the changes in transaction costs that are likely to result when a...
Persistent link: https://www.econbiz.de/10013225942
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International Joint Ventures and the Boundaries of the Firm
Desai, Mihir A.; Foley, C. Fritz; Hines Jr., James R. - 2021
This paper analyzes the determinants of partial ownership of the foreign affiliates of U.S. multinational firms and, in particular, why partial ownership has declined markedly over the last 20 years. The evidence indicates that whole ownership is most common when firms coordinate integrated...
Persistent link: https://www.econbiz.de/10013225937
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Why Do Multinational Firms Seek Out Joint Ventures?
Blomstrom, Magnus; Zejan, Mario - 2021
This paper uses a model of dichotomous choice to distinguish the characteristics of Swedish multinational firms that seek out joint ventures from those that do not. The findings suggest that firms with little experience of foreign production and highly diversified product lines are the most...
Persistent link: https://www.econbiz.de/10013244752
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Property Rights, Land Misallocation and Agricultural Efficiency in China
Chari, A.V. - 2017
This paper examines the impact of a property rights reform in rural China that allowed farmers to lease out their land …
Persistent link: https://www.econbiz.de/10012941473
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International Joint Ventures and Internal vs. External Technology Transfer : Evidence from China
Jiang, Kun - 2018
We study the economics of international joint ventures with administrative data for China exploiting the change in … foreign direct investment policy as China entered the WTO in the year 2002. Accounting for a quarter of all international …). As China has dropped joint venture requirements and shifted towards wholly foreign-owned FDI as part of becoming a member …
Persistent link: https://www.econbiz.de/10012922982
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Local Protectionism, Market Structure, and Social Welfare : China's Automobile Market
Barwick, Panle Jia - 2017
While China has made great strides in transforming its centrally-planned economy to a market-oriented economy, there … competition and social welfare in the context of China's automobile market. This market exhibits a salient feature that vehicle …
Persistent link: https://www.econbiz.de/10012949439
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Transaction Cost Regulation
Spiller, Pablo T. - 2011
: governmental and third party opportunism. Both interact to make regulatory processes and outcomes more rigid, formalistic, and …
Persistent link: https://www.econbiz.de/10013130971
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Marketplace Institutions Related to the Timing of Transactions
Roth, Alvin E. - 2010
This note describes the unraveling of transaction dates in several markets, including the labor markets for new lawyers hired by large law firms and for gastroenterology fellows, and the market for post-season college football bowls. Together these will illustrate that unraveling can occur in...
Persistent link: https://www.econbiz.de/10013135760
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Home Bias in Open Economy Financial Macroeconomics
Coeurdacier, Nicolas - 2011
Home bias is a perennial feature of international capital markets. We review various explanations of this puzzling phenomenon highlighting recent developments in macroeconomic modelling that incorporate international portfolio choices in standard two-country general equilibrium models. We refer...
Persistent link: https://www.econbiz.de/10013117208
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A Bargaining Theory of Trade Invoicing and Pricing
Goldberg, Linda S. - 2013
We develop a theoretical model of international trade pricing in which individual exporters and importers bargain over the transaction price and exposure to exchange rate fluctuations. We find that the choice of price and invoicing currency reflects the full market structure, including the...
Persistent link: https://www.econbiz.de/10013083079