| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6229 |
| DP6229 Price Competition in Markets with Customer Testing: The Captive Customer Effect | |
| Heidrun C. Hoppe-Wewetzer; Ulrich Lehmann-Grube | |
| 发表日期 | 2007-04-23 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | This paper argues that globalization has led to a shift in developed countries from an industrial to an entrepreneurial model of production. Globalization is interpreted as a level shock in the supply of unskilled labor to the world economy, a decrease in the level of political risk associated with outward foreign direct investment (offshoring), and the widespread diffusion of a general purpose technology such as ICT. The impact of these exogenous shocks is then analyzed in a variety expansion model that distinguishes among three types of varieties. Following the life cycle we distinguish among new, mature and offshore production. The above shocks all result in a shift in comparative advantage in developed countries towards new varieties which correspond to the early stage of the product life cycle. Moreover, because entrepreneurs serve as agents that move varieties between life cycle stages, their importance increases due to globalization. The many new opportunities for profit benefit entrepreneurs and skilled labour. By contrast, factors of production employed in the mature stages of the life cycle become less important. Thus, the model explains the emergence of what we label an entrepreneurial economy. |
| 主题 | Industrial Organization |
| 关键词 | entrepreneurship Globalization |
| URL | https://cepr.org/publications/dp6229 |
| 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/535081 |
| 推荐引用方式 GB/T 7714 | Heidrun C. Hoppe-Wewetzer,Ulrich Lehmann-Grube. DP6229 Price Competition in Markets with Customer Testing: The Captive Customer Effect. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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