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来源类型Working Paper
规范类型报告
DOI10.3386/w5886
来源IDWorking Paper 5886
Business Groups and Trade in East Asia: Part 1, Networked Equilibria
Robert C. Feenstra; Deng-Shing Huang; Gary G. Hamilton
发表日期1997
出版年1997
语种英语
摘要We propose an economic model of business groups that allows for the cooperative behavior of groups of firms, where the number and size of each group is determined endogenously. In this framework, more than one configuration of groups can arise in equilibrium: several different types of business groups can occur, each of which is consistent with profit-maximization and is stable. This means that the economic logic does not fully determine the industrial structure, leaving scope for political and sociological factors to have a lasting influence. In a companion paper, we argue that the differing structures of business groups found in South Korea, Taiwan and Japan fit the stylized results from the model, and contrast the impact of these groups on the product variety of their country exports to the United States.
主题International Economics ; Trade ; Microeconomics ; Households and Firms
URLhttps://www.nber.org/papers/w5886
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/563380
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Robert C. Feenstra,Deng-Shing Huang,Gary G. Hamilton. Business Groups and Trade in East Asia: Part 1, Networked Equilibria. 1997.
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