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structural features of the organization depend in a clear-cut way on the sign of spillovers. In particular, positive spillovers … favor the adoption of dispersed and centralized forms, while negative spillovers favor cohesive and horizontal ones … organization - the star - emerges under positive spillovers, whereas two horizontal architectures - the circle and the complete …
Persistent link: https://www.econbiz.de/10005106135
analysis of Demange to cooperative problems with spillovers. We show that if blocking coalitions have “pessimistic expectations … study the case of ”passive expectations”, for which the same result holds in all games with negative spillovers, while … stable allocations may fail to exist in games with positive spillovers. In the latter class of games, however, hierarchies …
Persistent link: https://www.econbiz.de/10005106144
Correlation between the risks of portfolios of different commercial banks leads to too much risk taking from a social planner's perspective. The presence of a regulator omproves this risk-benefit allocation of the financial system. In this paper I show that first-best regulation also leads to...
Persistent link: https://www.econbiz.de/10005106696
Foreign subsidiaries account for a significant part of output in many industrialised countries. Compared to international trade relations, however, relatively little is known about the role foreign direct investment linkages play in the transmission of disturbances from one country to the next....
Persistent link: https://www.econbiz.de/10005106749
with a greater vulnerability to lagged output spillovers from abroad, whereas trade links are not. Policy implications of …
Persistent link: https://www.econbiz.de/10005106753
We investigate to what extent the expansion of FDI and the internationalization of production can be related to the recent phenomenon of more synchronized business cycles. We first focus on the relationship between bilateral FDI positions and cross-country output correlations in the period 1982-...
Persistent link: https://www.econbiz.de/10005106773
Correlation between the risks of portfolios of different commercial banks leads to too much risk taking from a social planner's perspective. The presence of a regulator improves this risk-benefit allocation of the financial system. In this paper I show that first-best regulation also leads to...
Persistent link: https://www.econbiz.de/10005106787
imperfectly competitive Northern market. In addition, there are leakages of technological knowledge (‘spillovers’) from the North … to the South. The interaction between tariffs and spillovers, together with its consequences for the social welfare of …
Persistent link: https://www.econbiz.de/10005808501
The article looks in both theoretical and empirical terms at whether large foreign presence has affected domestic firms. Foreign firms might both intentionally and unintentionally influence the productivity, financing, and export performance of local firms within the same industry or across...
Persistent link: https://www.econbiz.de/10005808647
international R&D spillovers via intermediate goods imports on a country’s productivity. Estimation models are built on the model … test and estimation. Estimation results confirm the robust positive effect of international R&D spillovers through the …
Persistent link: https://www.econbiz.de/10005809939