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expand to new destinations. We develop a model based on experimentation to rationalize these and other dynamic patterns of … exporting firms. We posit that individual export profitability, while initially uncertain, is positively correlated over time …
Persistent link: https://www.econbiz.de/10008692316
Firms need to incur substantial sunk costs to break in foreign markets, yet many give up exporting shortly after their first experience, which typically involves very small sales. Conversely, other new exporters shoot up their foreign sales and expand to new destinations. We investigate a simple...
Persistent link: https://www.econbiz.de/10008542753
Firms need to incur substantial sunk costs to break in foreign markets, yet many give up exporting shortly after their first experience, which typically involves very small sales. Conversely, other new exporters shoot up their foreign sales and expand to new destinations. We investigate a simple...
Persistent link: https://www.econbiz.de/10011071232
Firms need to incur substantial sunk costs to break in foreign markets, yet may give up exporting shortly after their first experience, which typically involves very small sales. Conversely, other new exporters shoot up their foreign sales and expand to new destinations. We investigate a simple...
Persistent link: https://www.econbiz.de/10008520814
expand to new destinations. We develop a model based on experimentation to rationalize these and other dynamic patterns of … exporting firms. We posit that individual export profitability, while initially uncertain, is positively correlated over time …
Persistent link: https://www.econbiz.de/10011056336
. Globalization is shown to induce heterogeneous responses across firms in terms of scope and productivity, some of which are …
Persistent link: https://www.econbiz.de/10010860228
. Globalization is shown to induce heterogeneous responses across firms in terms of scope and productivity, some of which are …
Persistent link: https://www.econbiz.de/10010833225
We develop a theory of multiproduct firms to analyze the effects of globalization on the distributions of firm size …, scope, and productivity. Our model explains two puzzles. First, it explains the well-known size-discount puzzle: large firms … our model, globalization not only affects the distribution of observed productivities but also productivity at the firm …
Persistent link: https://www.econbiz.de/10005126683
We show that the efficient allocation of production capacity can turn a competitive industry and downstream market into an imperfectly competitive one. Even though downstream firms have symmetric production technologies, the downstream industry structure will be symmmetric only if capacity is...
Persistent link: https://www.econbiz.de/10005090672
between firm size, scope and productivity. More efficient firms become exporters, but not all exporters are large and not all … large firms export. Following a trade liberalization, non-exporters experience a fall in their market-to-book ratio and …
Persistent link: https://www.econbiz.de/10011083422