全球智库信息集成服务系统(G2TT): DP4279 Heterogenous Information About the Term Structure of Interest Rates, Least-Squares Learning and Optimal Interest Rate Rules

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP4279
	DP4279 Heterogenous Information About the Term Structure of Interest Rates, Least-Squares Learning and Optimal Interest Rate Rules
	Eric Schaling; Sylvester Eijffinger; Mewael F. Tesfaselassie
发表日期	2004-03-23
出版年	2004
语种	英语
摘要	An important element of the cost of distance is time taken in delivering final and intermediate goods. We argue that time costs are qualitatively different from direct monetary costs such as freight charges. The difference arises because of uncertainty. Unsynchronized deliveries can disrupt production, and delivery time can force producers to order components before demand and cost uncertainties are resolved. Using several related models we show that this can cause clustering of component production. If final assembly takes place in two locations and component production has increasing returns to scale, then component production will tend to cluster around just one of the assembly plants.
主题	International Trade and Regional Economics
关键词	Just-in-time Clustering Location Trade
URL	https://cepr.org/publications/dp4279
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/533243
推荐引用方式 GB/T 7714	Eric Schaling,Sylvester Eijffinger,Mewael F. Tesfaselassie. DP4279 Heterogenous Information About the Term Structure of Interest Rates, Least-Squares Learning and Optimal Interest Rate Rules. 2004.