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I present a model of vertical product differentiation and exit where a domestic and a foreign firm face fixed setup costs and quality-dependent costs of production and compete in quality and price in the domestic market. Quality-dependent costs are quadratic in qualities, but independent of the...
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This paper presents a theoretical model of competition between information intermediaries applied to credit rating industry. Sellers rely on intermediaries to credibly communicate their quality to buyers. Intermediaries are strategic and compete in fees as well as their certification standards...
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Deutschland ist wie kein anderes Land auf den Export von Spitzenprodukten angewiesen, um Wohlstand und Beschäftigung zu …
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Cross-sectional data show Global North countries export higher quality products at a point in time. Product-level panel … data can address if countries improve their export quality over time. The literature has addressed this practically …, focusing on the hitherto overlooked endogeneity between export quality and factor accumulation and the role of export …
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This paper introduces and applies a new methodology to deal with competition among exporters of vertically differentiated products. The novel methodology is applied to Japanese imports of manufacturing goods at the most detailed level of classification. It is shown that the North lost market...
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