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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP9288 |
DP9288 Selection Effects With Heterogeneous Firms | |
Peter Neary; Monika Mrazova | |
发表日期 | 2013-01-13 |
出版年 | 2013 |
语种 | 英语 |
摘要 | We characterize how firms select between alternative ways of serving a market. ``First-order" selection effects, whether firms enter or not, are extremely robust. "Second-order" ones, how firms serve a market conditional on entry, are less so: more efficient firms will select into the entry mode with lower market-access costs, if and only if firms' maximum profits are supermodular in production and market access costs. Supermodularity holds in many cases but not in all. Exceptions include FDI (both horizontal and vertical) when demands are "sub-convex" (i.e., less convex than CES), fixed costs that vary with access mode, and R&D with threshold effects. |
主题 | International Trade and Regional Economics |
关键词 | Foreign direct investment (fdi) Heterogeneous firms Proximity-concentration trade-off R&d with threshold effects Super- and sub-convexity Supermodularity |
URL | https://cepr.org/publications/dp9288 |
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/538124 |
推荐引用方式 GB/T 7714 | Peter Neary,Monika Mrazova. DP9288 Selection Effects With Heterogeneous Firms. 2013. |
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