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When procurement contracts are incomplete, they are frequently changed after the contract is awarded to the lowest bidder. This results in a final cost that differs from the initial price, and may involve significant transaction costs due to renegotiation. We propose a stylized model of bidding...
Persistent link: https://www.econbiz.de/10011325015
We analyze the spatial diffusion of laser-technology in Germany during the early phase of development, between 1960 and 2005. Research in this new technological field began in a few larger centers and then spread to other regions. In the early years, a large firm of the electronics industry...
Persistent link: https://www.econbiz.de/10011332607
, culture and technology, and centred on the production of creative contents in goods and services. One of the most relevant … industries and the identification of their territorial patterns of distribution in the local production systems of five European … countries: Italy, France, the United Kingdom, Spain and Portugal. Creative local production systems are identified in these …
Persistent link: https://www.econbiz.de/10011332763
There are more and more industries in which firms are specialized in the production of a component of the final good …
Persistent link: https://www.econbiz.de/10011335700
This paper analyzes how multi-product firms adjust their exported product-mix across destinations. Using cross sections of Italian and French data, we show that firms do not follow a rigid ordering in their product mix exported in different markets but rather they adapt their choices to better...
Persistent link: https://www.econbiz.de/10011335930
This paper investigates the relation between firms' productivity and exporting behavior in presence of export intermediaries. Using a cross section of firm-level data for several advanced and developing economies, the study confirms the productivity-sorting prediction according to which domestic...
Persistent link: https://www.econbiz.de/10011335934
investments in an integrated firm and distorts the decision between joint ventures and integrated production. By setting the … expropriation in this framework and the resulting pattern of international production. We also analyze as to how globalization …
Persistent link: https://www.econbiz.de/10011345473
The paper complements entry mode research by dealing with the choice of alternative modes of governance in the specific case of foreign R&D and its impact on a parent firm's performance. Firstly, we identify the factors that determine whether a firm locates abroad any R&D activities, and, if it...
Persistent link: https://www.econbiz.de/10011345499
We study the timing of new technology adoption in markets with input outsourcing, and thus with vertical relations. We find that technology adoption can take place earlier when firms engage in input outsourcing than when they produce the input in-house. Hence, the presence of vertical relations...
Persistent link: https://www.econbiz.de/10011345579
Die vorliegende Studie untersucht die internationale Expansion der Pharmaindustrie in Österreich und stellt diese in den Kontext der zunehmenden weltwirtschaftlichen Verflech-tungen. Die Pharmaindustrie in Österreich besteht einerseits aus den Filialen einiger inter-national tätiger...
Persistent link: https://www.econbiz.de/10011345647