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Theory and Empirical Work on Imperfectly Competitive Markets
Pakes, Ariel - 2008
This paper reviews recent methodological developments in the empirical analysis of imperfectly competitive markets highlighting outstanding problems. Some of these problems are econometric; e.g. the need for a deeper understanding of the small sample properties of our estimators. Most of the...
Persistent link: https://www.econbiz.de/10012464528
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Market Liquidity -- Theory and Empirical Evidence
Vayanos, Dimitri - 2012
In this paper we survey the theoretical and empirical literature on market liquidity. We organize both literatures around three basic questions: (a) how to measure illiquidity, (b) how illiquidity relates to underlying market imperfections and other asset characteristics, and (c) how illiquidity...
Persistent link: https://www.econbiz.de/10012460409
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Multiproduct Multinationals and Reciprocal FDI Dumping
Baldwin, Richard E. - 1998
The global pattern of foreign direct investment (FDI) is quite similar to the world trade pattern. In particular, intraindustry FDI between rich nations is almost as pervasive as intraindustry trade among rich nations. In the standard' MNC model (of Markusen, Venables, Brainard, and others), FDI...
Persistent link: https://www.econbiz.de/10012472322
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High-Cost Domestic Joint Ventures and International Competition : Do Domestic Firms Gain?
Raubitschek, Ruth R. - 1994
This paper develops the idea that when markets are imperfectly competitive, final producers may gain from a joint venture that produces part of their input requirements even though marginal cost exceeds the input's market price. Production by the joint venture lowers the market price of the...
Persistent link: https://www.econbiz.de/10012474116
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Entrepreneurial Finance and Non-diversifiable Risk
Chen, Hui - 2009
Entrepreneurs face significant non-diversifiable business risks. We build a dynamic incomplete markets model of entrepreneurial finance to demonstrate the important implications of nondiversifiable risks for entrepreneurs' interdependent consumption, portfolio allocation, financing, investment,...
Persistent link: https://www.econbiz.de/10012463800
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Entrepreneurship and Financial Frictions : A Macro-Development Perspective
Buera, Francisco J. - 2015
We review both the theoretical and empirical literature on entrepreneurship and financial frictions, with an emphasis …
Persistent link: https://www.econbiz.de/10012457559
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Multinational Firms, FDI Flows and Imperfect Capital Markets
Antràs, Pol - 2007
This paper examines how costly financial contracting and weak investor protection influence the cross-border operational, financing and investment decisions of firms. We develop a model in which product developers have a comparative advantage in monitoring the deployment of their technology...
Persistent link: https://www.econbiz.de/10012465801
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International Trade, Foreign Investment, and the Formation of the Entrepreneurial Class
Grossman, Gene M. - 1983
In this paper, I examine the argument that free trade may be harmful to less developed countries, because such international competition inhibits the formation of a local entrepreneurial class.I view the entrepreneur as the manager of the industrial enterprise, as well as the agent who bears the...
Persistent link: https://www.econbiz.de/10012477925
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Do Multinationals' R&D Activities Stimulate Indigenous Entrepreneurship? Evidence from China's "Silicon Valley"
Cai, Hongbin - 2007
) affect local entrepreneurship and R&D activities upon entry. We find that R&D activities of MNEs in an industry stimulate …
Persistent link: https://www.econbiz.de/10012465021
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Appropriate Entrepreneurship? The Rise of China and the Developing World
Lerner, Joshua; Liu, Junxi; Moscona, Jacob; Yang, David Y. - National Bureau of Economic Research - 2024
Global innovation and entrepreneurship has traditionally been dominated by a handful of high-income countries … the dramatic growth of high-potential entrepreneurship and venture capital in China. First, using comprehensive data on … global venture activities, we show that as the Chinese venture industry rose in importance, entrepreneurship increased …
Persistent link: https://www.econbiz.de/10014512047