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Persistent link: https://www.econbiz.de/10010384178
financial constraints is fundamental to the analysis of monetary transmission, of financial stability and of growth and …
Persistent link: https://www.econbiz.de/10012991336
financial constraints is fundamental to the analysis of monetary transmission, of financial stability and of economic growth and … method of checking the informational content of the data is developed. The relationship between investment activity and … constraints do indeed play a part in the investment process. Second, small firms close their capacity gaps faster than large firms …
Persistent link: https://www.econbiz.de/10014061913
This article analyzes the strategic decisions of firms whether to establish and adhere to a cartel when they can also shape competition by investing into production capacity while being subject to unexpected demand shocks with persistence. The model shows that a negative demand shock can...
Persistent link: https://www.econbiz.de/10010126878
We survey recent microeconometric research on investment and employment that has used panel data on individual firms or … theory of the demand for capital and labour, on which most of the econometric models of investment and employment that we … of adjustment, which have played a prominent role especially in the microeconometric literature on investment. With …
Persistent link: https://www.econbiz.de/10014024950
discontinuous growth can be based on a couple of assumptions:(a) in the short run, the firm's equipment and organization provide the … different locally optimal size. Secondly, when demand is growing, investment are expected to increase just in those firms where … apparent between investment and profitability, controlling for the size of firms …
Persistent link: https://www.econbiz.de/10013066084
In this paper we test both sunk cost and strategic size liability predictions by looking at the exit behavior of a sample of Italian manufacturing plants. For this purpose, we focus on plants' size and ownership status. In particular, we distinguish independent plants from plants that belong to...
Persistent link: https://www.econbiz.de/10012764707
We develop a two-period model of bundling strategy when a monopolistic firm faces uncertain demand in the second period. We examine the effect of intertemporal bundling on market outcomes in three cases: when the monopolist offers bundling without an option to purchase an individual future...
Persistent link: https://www.econbiz.de/10012751499
equilibrium allocation in Hopenhayn (1992)’s model of equilibrium industry dynamics, amended to allow for investment in physical … idiosyncratic productivity is mean-reverting, mean and variance of the distribution of productivity growth are pro-cyclical …
Persistent link: https://www.econbiz.de/10014182388
Many online businesses, including most of the largest platforms, seek and provide attention. These online attention rivals provide products and features to obtain the attention of consumers and sell some of that attention, through other products and services, to merchants, developers and others...
Persistent link: https://www.econbiz.de/10014162245