G2TT
来源类型Discussion paper
规范类型论文
来源IDDP9288
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
URLhttps://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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