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We use a unique cross-section survey of manufacturing firms from four European countries (France, Germany, Italy, Spain) linked with balance sheet data to study the relationship between key aspects of globalization and firm-level markups. The main results are: (i) Exporting is positively...
Persistent link: https://www.econbiz.de/10011514354
We use a unique cross-section survey of manufacturing firms from four European countries (France, Germany, Italy, Spain) linked with balance sheet data to study the relationship between key aspects of globalization and firm-level markups. The main results are: (i) Exporting is positively...
Persistent link: https://www.econbiz.de/10011538046
The important characteristic of international competition between developed and less developed countries is vertical product differentiation, where firms' quality choices represent strategic decisions. Unlike the previous literature, we allow for a leadership in quality choice and the...
Persistent link: https://www.econbiz.de/10012724765
introduce a new framework, which combines trade and growth theory into a tractable tool for quantitative research. Our … counterproductive, slightly reducing welfare in the Global South and for the world. Overall, there is substantial scope for policy …
Persistent link: https://www.econbiz.de/10014431300
We study the interaction of customer capital and productivity through brand reallocation across firms. We develop a firm dynamics model with brands as transferable customer capital, heterogeneous firm productivity, and variable markups. We study the matching process between transferable brand...
Persistent link: https://www.econbiz.de/10015062505
How do import tariffs and R&D subsidies help domestic firms compete globally? How do these policies affect aggregate … innovation endogenously determines the dynamics of technology, and, therefore, market leadership and trade flows, in a world with … increasing tariffs as an alternative policy response improves domestic welfare only when the policymaker cares about the very …
Persistent link: https://www.econbiz.de/10012920544
This paper investigates the determinants of export behavior among Indian manufacturing firms, focusing in particular on the role of technology, cost and imported intermediate inputs. Our evidence suggests that innovation, in particular R&D, positively affects both firms' probability to export...
Persistent link: https://www.econbiz.de/10011610291
both types. We present an index based on mark-up differences between variants in the market, which can be used to a priori …
Persistent link: https://www.econbiz.de/10010421763
both types. We present an index based on mark-up differences between variants in the market, which can be used to a priori …
Persistent link: https://www.econbiz.de/10013044892
A duopoly model of cost reducing R&D-Cournot competition is extended to study the endogenous timing of R&D strategic investment. Under the assumption that R&D spillovers only flow from the R&D leader to the follower, sequential and simultaneous play at the R&D stage are compared, in order to...
Persistent link: https://www.econbiz.de/10014059023