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headquarters location patterns. The research reported here singles out t/c considerations as the logical basis for headquarters … location decisions. We ask: to what degree do transportation/communication consideration explain the patterns of headquarters … location? The case of manufacturing firms with five or more establishments and no manufacturing activity at the headquarters …
Persistent link: https://www.econbiz.de/10012479074
Many employers link wages at the firm's establishments outside of the home region to the level at headquarters …. Multinationals that anchor-to-the headquarters also transmit wage changes arising from shocks to minimum wages and exchange rates in …
Persistent link: https://www.econbiz.de/10012479312
We examine effective tax rates (ETRs) for 9,022 multinationals from 87 countries from 2006 to 2011. We find that, despite extensive investments in international tax avoidance, multinationals headquartered in Japan, the U.S., and some high-tax European countries continue to face substantially...
Persistent link: https://www.econbiz.de/10012459040
Patenting in software, cloud computing, and artificial intelligence has grown rapidly in recent years. Such patents are … patents per inventor has declined near-monotonically, except for large increases in inventor productivity in software and …
Persistent link: https://www.econbiz.de/10012452928
We examine the extent that product differentiation affects the duration of US import trade relationships. Applying nonparametric and semiparametric techniques to highly disaggregated product-level data we estimate that the hazard rate is at least 18 percent higher for homogenous goods than for...
Persistent link: https://www.econbiz.de/10012468375
We analyze entry, pricing and product design in a model with differentiated products. Under plausible conditions, entry into an initially monopolized market leads to higher prices for some, possibly all, consumers. Entry can induce a misallocation of goods to consumers, segment the market in a...
Persistent link: https://www.econbiz.de/10012470171
We analyze alternative policies such as a disposal content fee, a subsidy for recyclable designs, unit pricing of household disposal, a deposit-refund system, and a manufacturer `take-back' requirement. In order to identify the problem being addressed, we build a simple general equilibrium model...
Persistent link: https://www.econbiz.de/10012473254
We develop a two-country model of endogenous innovation and imitation in order to study the interactions between these two processes. Firms in the North race to bring out the next generation of a set of technology-intensive products. Each product potentially can be improved a countably infinite...
Persistent link: https://www.econbiz.de/10012475836
Economic studies typically underestimate incremental changes in consumer goods and design innovations that enhance allocative efficiency and structural dynamics. This paper assesses over 12,000 innovations by female patentees and participants in industrial fairs and prize-granting institutions...
Persistent link: https://www.econbiz.de/10012455595
Recent scandals over the manipulation of LIBOR, foreign exchange benchmarks, and other financial benchmarks have spurred policy discussions over their appropriate design. We characterize the optimal fixing of a benchmark as an estimator of a market value or reference rate. The fixing data are...
Persistent link: https://www.econbiz.de/10012458125