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Empirical studies have found that enhanced foreign competition can encourage or discourage innovation. To address this relationship, I examine a market structure in which a small number of large multi-product oligopolists compete with a large number of small single-product firms in the same...
Persistent link: https://www.econbiz.de/10014436971
Forward-looking investments determine the resilience of firms' supply chains. Such investments confer externalities on …
Persistent link: https://www.econbiz.de/10014372496
I suppose that consumers see a firm as fair if they cannot reject the hypothesis that the firm is somewhat benevolent towards them. Consumers that can reject this hypothesis become angry, which is costly to the firm. I show that firms that wish to avoid this anger will keep their prices rigid...
Persistent link: https://www.econbiz.de/10012467772
We examine integration strategies of multinational firms that face a rich array of choices of international organization. Each firm in an industry must provide headquarter services from its home country, produce intermediate inputs, and assemble the intermediate goods into final products. Both...
Persistent link: https://www.econbiz.de/10012468505
social identity theory, we take the psychosocial component as combining the pride and self-esteem an individual draws from …
Persistent link: https://www.econbiz.de/10012480998
The evidence for the United States points to balanced growth despite falling investment-good prices and an elasticity of substitution between capital and labor less than one. This is inconsistent with the Uzawa Growth Theorem. We extend Uzawa's theorem to show that the introduction of human...
Persistent link: https://www.econbiz.de/10012456811
A model is presented in which people base their labor search strategy on the average wage and the average unemployment duration of people who belong to their peer group. It is shown that, if the distribution of wage offers is not stationary so lower wage offers tend to arrive before higher wage...
Persistent link: https://www.econbiz.de/10012460022
While neoclassical theory emphasizes the impact of trade on wage inequality between occupations and sectors, more …
Persistent link: https://www.econbiz.de/10012460668
This paper presents a model in which anonymous charitable donations are rationalized by two human tendencies drawn from the psychology literature. The first is people's disproportionate disposition to help those they agree with while the second is the dependence of peoples' self-esteem on the...
Persistent link: https://www.econbiz.de/10012461072
We study patterns of FDI in a multi-country world economy. We develop a model featuring non-homothetic preferences for quality and monopolistic competition in which specialization is purely demand-driven and the decision to serve foreign countries via exports or FDI depends on a...
Persistent link: https://www.econbiz.de/10012461108