Narrow search
Showing 1 - 10 of 12,343
Cover Image
Vertical foreign direct investment : make, sell and (not) buy
Milliou, Chrysovalantou; Sandonís, Joel - 2016
According to conventional wisdom, multinational firms undertake vertical FDI in order to take advantage of cross-border factor cost differences and source the inputs from abroad at better terms. Recent empirical findings though document that this is not always the case. We provide theoretical...
Persistent link: https://www.econbiz.de/10011565578
Cover Image
A theory of intermediation in supply chains based on inventory control
Zhan, Qu; Raff, Horst; Schmitt, Nicolas - 2016
The paper shows that taking inventory control out of the hands of retailers and assigning it to an intermediary … incentive problems associated with retailers' inventory control and thereby improve the intertemporal allocation of inventory …. Adding an intermediary as a new link in a supply chain is also shown to reduce total inventory, to make shipments from the …
Persistent link: https://www.econbiz.de/10011552567
Cover Image
Export intermediaries and adjustments to exchange rate movements
Bolatto, Stefano; Grazzi, Marco; Tomasi, Chiara - 2017
Building on a heterogeneous-firm model à la Melitz (2003), we propose a theory of intermediaries in international trade which rationalizes the available evidence on both aggregate and firm-level exports as well as their responsiveness to exchange rate movements. We introduce double...
Persistent link: https://www.econbiz.de/10011674380
Cover Image
Global sourcing of heterogeneous firms : theory and evidence
Kohler, Wilhelm; Smolka, Marcel - 2015
This paper investigates the role of firm productivity in drawing firm boundaries in global sourcing. Our analysis focuses on how productivity affects the allocation of ownership rights between the headquarter of a firm and an intermediate input supplier (vertical integration vs. outsourcing), as...
Persistent link: https://www.econbiz.de/10010476678
Cover Image
Pure Exporter : Theory and Evidence
Lu, Jiangyong - 2012
This paper provides the first evidence about pure exporters (i.e., firms exporting all of their output to the foreign market) -- a phenomenon overlooked and cannot be explained in the existing literature. It then offers a generalized model of Melitz (2003) for examining the existence and...
Persistent link: https://www.econbiz.de/10013114832
Cover Image
Vertical Foreign Direct Investment : Make, Sell and (Not) Buy
Milliou, Chrysovalantou - 2016
According to conventional wisdom, multinational firms undertake vertical FDI in order to take advantage of cross-border factor cost differences and source the inputs from abroad at better terms. Recent empirical findings though document that this is not always the case. We provide theoretical...
Persistent link: https://www.econbiz.de/10012977204
Cover Image
Service offshoring and export experience
Berlingieri, Giuseppe; Marcolin, Luca; Ornelas, Emanuel - 2021
Service inputs are a key component of the costs of exporting, and contribute to explain the process of internationalization of firms. A new dataset on the participation of French firms in global value chains reveals that firms with longer export experience in a market are more likely to source...
Persistent link: https://www.econbiz.de/10012534705
Cover Image
Optimal Integration Strategies for the Multinational Firm
Grossman, Gene M.; Helpman, Elhanan; Szeidl, Adam - 2010
We examine integration strategies of multinational firms that face a rich array of choices of international organization. Each firm in an industry must provide headquarter services from its home country, produce intermediate inputs, and assemble the intermediate goods into final products. Both...
Persistent link: https://www.econbiz.de/10014072444
Cover Image
A Theory of Modular Production Networks
Van Assche, Ari - 2005
In many globalized industries, the recent wave of vertical outsourcing seems to have co-evolved with increased horizontal consolidation in the component sector. To account for this phenomenon, I build an industry-equilibrium model in which the boundaries of the firm are endogenous in both the...
Persistent link: https://www.econbiz.de/10014028951
Cover Image
Incomplete Contracts and the Product Cycle
Antras, Pol - 2005
The incomplete nature of contracts governing international transactions limits the extent to which the production process can be fragmented across borders. In a dynamic, general-equilibrium Ricardian model of North-South trade, the completeness of international contracts is shown to lead to the...
Persistent link: https://www.econbiz.de/10014066025