Similar Search Results

Liberti, Jose Maria - 2018

Information is a fundamental component of all financial transactions and markets, but it can arrive in multiple forms …. We define what is meant by hard and soft information and describe the relative advantages of each. Hard information is … quantitative, easy to store and transmit in impersonal ways, and its information content is independent of its collection. As …

Persistent link: https://www.econbiz.de/10012910651

Conflict and Deterrence Under Strategic Risk

Chassang, Sylvain - 2010

obtained in a complete information setting, where coordination is easy, to those obtained in a setting with strategic risk … deterrent effect under complete information, this does not hold anymore under strategic risk. Rather, we find that increases in …

Persistent link: https://www.econbiz.de/10012759352

Fuel Tax Incidence and Supply Conditions

Marion, Justin G. - 2011

The incidence of taxes on consumers and producers plays a central role in evaluating energy tax policy, yet the literature testing the main predictions of the tax incidence model is sparse. In this paper, we examine the pass-through rate of state gasoline and diesel taxes to retail prices, and...

Persistent link: https://www.econbiz.de/10013128885

Gravity Chains : Estimating Bilateral Trade Flows When Parts and Components Trade is Important

Baldwin, Richard - 2011

Trade is measured on a gross sales basis while GDP is measured on a net sales basis, i.e. value added. The rapid internationalisation of production in the last two decades has meant that gross trade flows are increasingly unrepresentative of the value added flows. This fact has important...

Persistent link: https://www.econbiz.de/10013131669

Production Chains

Levine, David K. - 2010

More advanced technologies demand higher degrees of specialization - and longer chains of production connecting raw inputs to final outputs. Longer production chains are subject to a "weakest link" effect: they are more fragile and more prone to failure. Optimal chain length is determined by the...

Persistent link: https://www.econbiz.de/10013135410

Give Credit Where Credit is Due : Tracing Value Added in Global Production Chains

Koopman, Robert - 2010

This paper provides both a conceptual framework for decomposing a country's gross exports into value-added components by source and a new bilateral database on value-added trade. Our parsimonious framework integrates all previous measures of vertical specialization and value-added trade in the...

Persistent link: https://www.econbiz.de/10013137606

Tracing Value-Added and Double Counting in Gross Exports

Koopman, Robert - 2012

This paper proposes a framework for gross exports accounting that breaks up a country's gross exports into various value-added components by source and additional double counted terms. By identifying which parts of the official trade data are double counted and the sources of the double...

Persistent link: https://www.econbiz.de/10013097267

Value-Added Exchange Rates

Bems, Rudolfs - 2012

This paper updates the conceptual foundations for measuring real effective exchange rates (REERs) to allow for vertical specialization in trade. We derive a value-added REER describing how demand for the value added that a country produces changes as the price of its value added changes relative...

Persistent link: https://www.econbiz.de/10013098810

The Need for (Long) Chains in Kidney Exchange

Ashlagi, Itai - 2012

It has been previously shown that for sufficiently large pools of patient-donor pairs, (almost) efficient kidney exchange can be achieved by using at most 3-way cycles, i.e. by using cycles among no more than 3 patient-donor pairs. However, as kidney exchange has grown in practice, cycles among...

Persistent link: https://www.econbiz.de/10013104082

Organizing the Global Value Chain

Antras, Pol - 2012

We develop a property-rights model of the firm in which production entails a continuum of uniquely sequenced stages. In each stage, a final-good producer contracts with a distinct supplier for the procurement of a customized stage-specific component. Our model yields a sharp characterization for...

Persistent link: https://www.econbiz.de/10013104981

1
2
3
4
5
6
7
8
9
10
Next
Last