Similar Search Results

Regional implications of financial market development : credit rationing, trade, and location ; conference paper

Ehrlich, Maximilian von; Seidel, Tobias - 2013

We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard. Mitigating financial frictions reduces the incentive of high-skilled workers to migrate to one region such that an unequal distribution of industrial activity becomes less...

Persistent link: https://www.econbiz.de/10010344666

Export market risk and the role of public credit guarantees : conference paper

Heiland, Inga; Yalçin, Erdal - 2014

In this paper we analyze the impact of public export credit guarantees on firms' exports. Earlier studies show that export credit guarantees stimulate exports, employment, and value added. Furthermore, there is evidence at the aggregate level that financial market imperfections are key to...

Persistent link: https://www.econbiz.de/10010486626

Trade and the firm-internal allocation of workers to tasks : conference paper

Egger, Hartmut; Koch, Michael - 2013

heterogeneous producers, while at the same time increasing the average quality of worker-task matches and thus economy-wide labor …

Persistent link: https://www.econbiz.de/10010341098

Cross-border price effects of mergers and acquisitions : a quantitative framework for competition policy ; conference paper

Breinlich, Holger; Nocke, Volker; Schutz, Nicolas - 2013

Decisions of national competition authorities have important effects on other jurisdictions. We provide a framework to quantify the domestic and cross-border effects of mergers, and to draw conclusions for the coordination of national merger policies. We develop a two-country model with many...

Persistent link: https://www.econbiz.de/10010341091

Icebergs versus tariffs : a quantitative perspective on the gains from trade ; conference paper

Felbermayr, Gabriel; Jung, Benjamin; Larch, Mario - 2013

We derive a simple equation for the welfare gains from trade when tariffs are liberalized or iceberg trade costs fall. Covering various one-sector trade models that may or may not feature extensive margins and imperfect competition, we generalize the analysis of Arkolakis, Costinot and...

Persistent link: https://www.econbiz.de/10010344632

Leverage and risk taking under moral hazard : conference paper

Hott, Christian - 2013

This paper examines the impact of implicit guarantees and capital regulations on the behavior of a bank and on the expected losses for its depositors. I show that implicit guarantees increase the incentives of the bank to enhance leverage and/or risk taking and that this leads to higher expected...

Persistent link: https://www.econbiz.de/10010338928

Venture capital financing of innovation races : conference paper

Kovác, Eugen - 2014 - Preliminary and incomplete

This paper analyzes innovation races in a moral hazard setting. I develop a model where two competing entrepreneurs …

Persistent link: https://www.econbiz.de/10010481326

Financing SMEs in Europe

Balling, Morten (ed.); Bernet, Beat (ed.); Gnan, Ernest (ed.) - Conference on "Financing SMEs in Europe" <2008, Paris>; … - 2009

potential and, in particular when it comes to lack of risk capital, their innovation and R&D activity. Against this background …

Persistent link: https://www.econbiz.de/10011705468

Product innovation and trade credit demand and supply : evidence from European countries ; conference paper

Nielen, Sebastian - 2013

This study addresses the relationship between product innovation and the demand and supply of trade credit. Theoretical … as well as empirical studies are used to derive the hypothesis of a positive link between product innovation and trade …. Basically the estimation results confirm that introducing a product innovation is positively related with demand and provision …

Persistent link: https://www.econbiz.de/10010338387

Financing innovative firms

Strauß, Hubert (contributor) - 2009

Persistent link: https://www.econbiz.de/10003926074

1
2
3
4
5
6
7
8
9
10
Next
Last