Essays On The Role Of Firm Behavior In International Trade
DOWNLOAD
Download Essays On The Role Of Firm Behavior In International Trade PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Essays On The Role Of Firm Behavior In International Trade book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Essays On The Role Of Firm Behavior In International Trade
DOWNLOAD
Author : Anson Benjamin Soderbery
language : en
Publisher:
Release Date : 2011
Essays On The Role Of Firm Behavior In International Trade written by Anson Benjamin Soderbery and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
This dissertation discusses the role firms behavior takes in shaping our understanding of international trade. It discusses the impact on well held theoretical and empirical results from international trade when accounting for commonalities in firm behavior that distort the economy. Chapter 1 develops a model of international trade where firms are heterogeneous across two dimensions: capacity and productivity. Capacity constraints rationalize empirical results that are anomalous to new trade theory. When capacity is relatively abundant, the model predicts stronger competition (selection) in larger markets. Con- versely, when capacity is relatively "tight" constrained firms weaken competition and boost the average price level in larger markets - similar to tacit collusion. Under inter- national trade, constrained firms choose to sell a greater fraction of their production in the largest accessible market. Capacity constraints can thus magnify (dampen) domestic price and competition distortions when foreign markets are relatively large (small). Chapter 2 addresses biases in estimates of the impact of product variety on prices and welfare when market structure is inaccurately defined. We employ a market- based data set on the U.S. automobile market that allows us to define goods varieties at a more precise level, as well as discern location of production and ownership of varieties. Our estimates of price and welfare changes from new varieties in the U.S. automobile sector are twice as large as standard estimates when using our detailed market-based data. We also show that new varieties introduced by foreign-owned affiliates provided an additional 70% welfare gain during our sample. Chapter 3 notes that estimates of consumer gains from imported products rely on Feenstra (1994)'s method to estimate elasticities of substitution. Through a Monte Carlo experiment, simulated estimates suggest substantial biases due to weak instruments. However, the derivation of the elasticity of substitution drastically mitigates these biases.
Essays On Strategic Behavior In International Trade
DOWNLOAD
Author : Phillip Swagel
language : en
Publisher:
Release Date : 1992
Essays On Strategic Behavior In International Trade written by Phillip Swagel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Automobile industry and trade categories.
Essays On Firms Behavior In International Trade With Vertical Specialization
DOWNLOAD
Author : Madhura Maitra
language : en
Publisher:
Release Date : 2012
Essays On Firms Behavior In International Trade With Vertical Specialization written by Madhura Maitra and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
In this framework I show that a fall in the cost of offshoring increases average wage in the offshoring firm due to a rent sharing effect. This effect can be further reinforced or weakened by an accompanying skill composition effect. Average wages in the non-offshoring firms decline due to a rent sharing effect only; there is no skill composition effect for these firms in the model.
Essays In International Trade And Firm Behaviour
DOWNLOAD
Author : Başak Dalgıç
language : en
Publisher:
Release Date : 2019
Essays In International Trade And Firm Behaviour written by Başak Dalgıç and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
The Gains From Trade And The Gains From Aid
DOWNLOAD
Author : Murray C. Kemp
language : en
Publisher: Routledge
Release Date : 2002-09-11
The Gains From Trade And The Gains From Aid written by Murray C. Kemp and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-11 with Business & Economics categories.
This book focuses on the normative side of trade theory and is divided into five parts: * trade under perfect competition; * restricted trade under perfect competition; * trade under imperfect competition and other distortions; * Compensation: lumpsum, non-lumpsum or neither? * International trade
Essays On Firms And International Trade
DOWNLOAD
Author : Alvaro Felipe Garcia Marin
language : en
Publisher:
Release Date : 2014
Essays On Firms And International Trade written by Alvaro Felipe Garcia Marin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
This dissertation empirically examines three different questions related to the behavior and performance of firms participating of international trade. In the first essay, I ask whether exporting allows firms to charge higher markups. To study this question, I use a unique dataset of Chilean manufacturing firms that contains product-level data on the price and average cost for all goods produced and exported. This allows me to compute direct markup measures, and to identify whether markups variation is accounted by different pricing policies or changes in the production cost. Although within firms the export markup premium is moderate -about 2%-, the study of the trajectories of markups before and after export entry reveals the presence of ongoing gains after export entry. While at the moment of export entry the markup of exported products is not different than the markup of domestic products, three periods after export entry the markup wedge increases to about 7-9%. A decomposition of the markup premium reveals that, within firms, the higher markups on exported products is accounted by both higher prices and marginal cost. In contrast, after export entry, prices and average cost tend to decrease. In the second essay -based on joint work with Nico Voigtlaender-, we revisit the old question of whether firms become more productive after export entry. While there is strong evidence for productivity-driven selection into exporting, previous research has mostly failed to identify export-related efficiency gains within plants. This non-result is typically derived from revenue productivity, which reflects price variation. Using a census panel of Chilean manufacturing plants, we first confirm the non-result for revenue productivity. We then compute plant-product level marginal cost as an efficiency measure that is not affected by prices. We find within-plant efficiency gains of 15-25%, the same order of magnitude as selection effects across plants. Evidence suggests that technology upgrading in combination with export entry is an important driver behind these gains. The final essay studies firms' quality patterns across destinations, when they produce products in different quality segments. I develop a quality model with non-homothetic quality demand and heterogeneity in consumers' income. The model features quality sorting of consumers according to their income level. This implies that firm's quality allocation depends not only on the average income of the country, but on the entire income distribution of the country. The main prediction of the model is related to the role of income inequality on within-firm quality patters. I find that in countries with a smaller middle classes, firms' tend to skew their exports towards products of higher quality. This effect tends to be weaker in countries with higher income. To illustrate the main predictions of the model, I use a unique dataset from the Chilean wine industry. This dataset allows me to construct measures of product quality, that are not affected by aggregation or markup issues. In line with the model's predictions, I find that firms tend export proportionally more high quality products to more unequal countries. However, I find this effect to be quantitatively important only in low and middle-income countries.
Essays On International Trade And Migration
DOWNLOAD
Author : Sanne Hiller
language : da
Publisher:
Release Date : 2011
Essays On International Trade And Migration written by Sanne Hiller and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Essays In International Trade
DOWNLOAD
Author : Ryoji Hiraguchi
language : en
Publisher:
Release Date : 2008
Essays In International Trade written by Ryoji Hiraguchi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Essays On Product Quality In International Trade
DOWNLOAD
Author : Chi-Hung Liao
language : en
Publisher:
Release Date : 2014
Essays On Product Quality In International Trade written by Chi-Hung Liao and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Product quality plays an important role in determining international trade flows. Its level is related to product unit value, characteristics of importing countries, and many other key variables in trade. In this dissertation, we study product quality and its role in various trade topics. In the first chapter, we study its role in price markup and how it is related to the importing countries' income. In the second chapter, we study multi-product firm's decision on exporting the top and the bottom qualities and the range of quality ladder facing different destination markets. In the last chapter, we study how a firm's offshoring decision is related to the quality of final product, the probabilities of making mistakes, the wage difference, and the size of the economy. We will describe each chapter in detail in the following paragraphs. We believe this dissertation complements current literature on product quality and tradein the areas of price markeup, multi-product firm behavior, and offshoring decision. In the first chapter, we begin by documenting the price discrimination practice based on destinations' per-capita income levels from the automobile industry. It is found that low-quality model manufacturers practice price discrimination while high-quality model manufacturers set price more uniformly across destinations. A highly tractable model was developed to capture these different practices of pricing strategies by including the distribution cost in the firm's decision. Each firm in the model simultaneously chooses quality and price to maximize its profits. The model predicts that highly productive firms not only produce higher quality products, but also price their products more uniformly across destinations. An extension of the model that features consumer income inequality predicts that products are sold at higher prices in countries with high income inequality. This result reconciles observations of high prices found in some developing countries such as China. Empirical results support the model's two key predictions: firms with higher productivity price their products more uniformly; and countries' income inequalities affect price positively.The second chapter is motivated by the stylized fact that not all vertically differentiated car models are sold sold in each country. Furthermore, the number of car models sold in each country appear to be systematically affected by destination market's conditions. To study this stylized fact of multi-product firm's decision on quality products, we use a model where firms simultaneously determine optimal prices and the range of quality products. It is found that the top and bottom qualities and the length of the quality ladder are affected systematically by various firm's and market's conditions. The empirical results using European car data from 1993-2011 supports the key predictions in the model.In the last chapter, we are interested in studying firm's offshoring decision and how it is related to product quality. In recent years, the highly intensified and diversified global offshoring activities have been accompanied by some onshoring activities led by large U.S. manufacturing companies. To address this stylized fact, we started with a value-chain offshoring model with product quality specification. Besides the wage difference between countries, the model assumes that each country has a probability of making mistakes. It is found that the range of tasks processed in offshoring destination is related to the probabilities of making mistakes, the wages, and the size of the economies. Increasing the quality of final product, however, does not change the range of products being offshored which implies an onshoring activity. Following the theoretical model, we use the trade data in China from 1998-2013 in the empirical model and confirm the key predictions in the theoretical model. This chapter contributes to current offshoring literature by addressing the product quality specification, the onshoring activities, and identifying the effect of making fewer mistakes on the range of products offshored.
Trade Policy Trade Agreements And Economic Growth Essays In International Trade Theory
DOWNLOAD
Author : Eric W. Bond
language : en
Publisher: World Scientific Publishing Company
Release Date : 2017-04-30
Trade Policy Trade Agreements And Economic Growth Essays In International Trade Theory written by Eric W. Bond and has been published by World Scientific Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-30 with Business & Economics categories.
This book contains the main contributions of Eric Bond in the areas of international trade policy, trade agreements, and economic growth. The central focus of this volume is the author's pioneering work on the role of differences in market power across countries in explaining incentives to join preferential trade agreements and the form of trade agreements. Other topics include the interactions of physical and human capital accumulation in determining trade patterns and growth rates and the impact of non-tariff measures on international trade and investment. The volume also gives insights into the role of firm heterogeneity in domestic and international trade.