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Production Networks, Geography and Firm Performance

Bernard, Andrew B. - 2015

This paper examines the importance of buyer-supplier relationships, geography and the structure of the production network in firm performance. We develop a simple model where firms can outsource tasks and search for suppliers in different locations. Low search and outsourcing costs lead firms to...

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

Firm Volatility in Granular Networks

Kelly, Bryan - 2013

We propose a network model of firm volatility in which the customers' growth rate shocks influence the growth rates of their suppliers, larger suppliers have more customers, and the strength of a customer-supplier link depends on the size of the customer firm. Even though all shocks are i.i.d.,...

Persistent link: https://www.econbiz.de/10012459196

What's the Big Idea? Multi-Function Products, Firm Scope and Firm Boundaries

Liu, Mengxiao - 2019

Products often bundle together many functions e.g., smartphones. The firm develops the big idea (which functions to bundle) and then chooses one supplier per function. We develop a model featuring holdup in which the firm's bargaining power declines in the number of suppliers. Greater scope as...

Persistent link: https://www.econbiz.de/10012480265

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. Supplier and buyer relationships form depending on firms' productivity and geographic location. We characterize the normative and positive properties of the spatial distribution of...

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

Two-Sided Market Power in Firm-to-Firm Trade

Alviarez, Vanessa I.; Fioretti, Michele; Kikkawa, Ken; … - National Bureau of Economic Research - 2023

We develop a quantitative theory of prices in firm-to-firm trade with bilateral negotiations and two-sided market power. Markups reflect oligopoly and oligopsony forces, with relative bargaining power as weight. Cost pass-through elasticities into import prices can be incomplete or complete,...

Persistent link: https://www.econbiz.de/10014287354

Relational Contracts : Recent Empirical Advancements and Open Questions

Macchiavello, Rocco; Morjaria, Ameet - National Bureau of Economic Research - 2023

Relational contracts - informal self-enforcing agreements sustained by repeated interactions - are ubiquitous both within and across organizational boundaries. This review highlights recent empirical contributions in selected areas. We begin by reviewing some recent work that explicitly takes...

Persistent link: https://www.econbiz.de/10014226175

Creative Destruction? Impact of E-Commerce on the Retail Sector

Chava, Sudheer; Oettl, Alexander; Singh, Manpreet; … - National Bureau of Economic Research - 2022

Using an administrative payroll dataset for 2.6 million retail workers, we find that the staggered rollout of a major e-commerce firm's fulfillment centers reduces traditional retail workers' income in geographically proximate counties by 2.4%. Wages of hourly workers, especially part-time...

Persistent link: https://www.econbiz.de/10013210105

Mechanism Design Approaches to Blockchain Consensus

Gans, Joshua; Holden, Richard T. - National Bureau of Economic Research - 2022

Blockchain consensus is a state whereby each node in a network agrees on the current state of the blockchain. Existing … unexplored area of blockchain consensus and has the potential to mitigate known trade-offs and enhance scalability …

Persistent link: https://www.econbiz.de/10013334407

Information and Market Power in DeFi Intermediation

Azar, Pablo D.; Casillas, Adrian; Farboodi, Maryam - National Bureau of Economic Research - 2024

that using proof-of-stake blockchain technology in DeFi leads to a novel limit to arbitrage, arising from the tension … between arbitrageurs' privacy needs and blockchain transparency. Using a new dataset which distinguishes private and public … participants' private information advantage. Our analysis illustrates how blockchain technology can sustain arbitrage opportunities …

Persistent link: https://www.econbiz.de/10015072890

Inclusion and Democratization Through Web3 and DeFi?$bInitial Evidence from the Ethereum Ecosystem

Cong, Lin William; Tang, Ke; Wang, Yanxin; Zhao, Xi - National Bureau of Economic Research - 2023

Web3 and DeFi are widely advocated as innovations for greater financial inclusion and democratization. We assemble the most comprehensive dataset to date on the largest Web3 ecosystem and use large-scale computing to conduct an initial investigation. We describe Ethereum's network structure,...

Persistent link: https://www.econbiz.de/10014226146