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Production Networks, Geography and Firm Performance

Bernard, Andrew B. - 2015

firm's marginal production costs. We test the theory by exploiting the opening of a high-speed (Shinkansen) train line in …This paper examines the importance of buyer-supplier relationships, geography and the structure of the production … locations. Low search and outsourcing costs lead firms to search more and find better suppliers. This in turn drives down the …

Persistent link: https://www.econbiz.de/10012457584

Input Diffusion and the Evolution of Production Networks

Carvalho, Vasco M. - 2014

The adoption and diffusion of inputs in the production network is at the heart of technological progress. What … existing production network plays a crucial role in the diffusion of inputs and the evolution of technology …

Persistent link: https://www.econbiz.de/10012458639

Spatial Production Networks

Arkolakis, Costas; Huneeus, Federico; Miyauchi, Yuhei - National Bureau of Economic Research - 2023

We use new theory and data to study how firms endogenously form production networks across regions and countries … matching frictions are important for aggregate trade flows and production networks. Endogenous formation of production networks …

Persistent link: https://www.econbiz.de/10014226151

Overconfidence, Information Diffusion, and Mispricing Persistence

Daniel, Kent - 2018

We propose a dynamic heterogeneous agents model which generates testable hypotheses about the formation, timing and bursting of asset price bubbles in the presence of short-sale constraints, given a calibration that is consistent with momentum and reversal effects for unconstrained assets....

Persistent link: https://www.econbiz.de/10012480997

Endogenous Information Flows and the Clustering of Announcements

Acharya, Viral V. - 2010

We consider the strategic timing of information releases in a dynamic disclosure model. Because investors don't know whether or when the firm is informed, the firm will not necessarily disclose immediately. We show that bad market news can trigger the immediate release of information by firms....

Persistent link: https://www.econbiz.de/10012462172

Specific and General Information Sharing Among Academic Scientists

Häussler, Carolin - 2009

We provide theoretical and empirical evidence on the factors that influence the willingness of academic scientists to share research results. We distinguish between two types of sharing, specific sharing in which a researcher shares her data or materials with another and general sharing in which...

Persistent link: https://www.econbiz.de/10012463335

Noisy Business Cycles

Angeletos, George-Marios - 2009

This paper investigates a real-business-cycle economy that features dispersed information about the underlying aggregate productivity shocks, taste shocks, and, potentially, shocks to monopoly power. We show how the dispersion of information can (i) contribute to significant inertia in the...

Persistent link: https://www.econbiz.de/10012463667

Learning from Prices : Public Communication and Welfare

Amador, Manuel - 2008

We study the effect of releasing public information about productivity or monetary shocks when agents learn from nominal prices. While public releases have the benefit of providing new information, they can have the cost of reducing the informational efficiency of the price system. We show that,...

Persistent link: https://www.econbiz.de/10012464392

Trade, Diffusion and the Gains from Openness

Rodriguez-Clare, Andres - 2007

Building on Eaton and Kortum's (2002) model of Ricardian trade, Alvarez and Lucas (2005) calculate that a small country representing 1% of the world's GDP experiences a gain of 41% as it goes from autarky to frictionless trade with the rest of the world. But the gains from openness, which...

Persistent link: https://www.econbiz.de/10012464979

Policy with Dispersed Information

Angeletos, George-Marios - 2007

This paper studies policy in a class of economies in which information about commonly-relevant fundamentals -- such as aggregate productivity and demand conditions -- is dispersed and can not be centralized by the government. In these economies, the decentralized use of information can fail to...

Persistent link: https://www.econbiz.de/10012465056

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