全球智库信息集成服务系统(G2TT): Price and Quality Dispersion in an Offshoring Market: Evidence from Semiconductor Production Services

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w19637
来源ID	Working Paper 19637
	Price and Quality Dispersion in an Offshoring Market: Evidence from Semiconductor Production Services
	David Byrne; Brian K. Kovak; Ryan Michaels
发表日期	2013-11-21
出版年	2013
语种	英语
摘要	This paper studies price and quality differences across international intermediate input suppliers. We develop price measures that account for (i) differences in product characteristics, (ii) unobserved quality differences, and (iii) pure (frictional) price dispersion across suppliers. Using uniquely detailed transaction- level data from the semiconductor industry, we document large average price differences across suppliers for observationally identical products, and find that price differentials close over the product life cycle. We interpret this finding in a model where buyers face costs of switching suppliers. The theory demonstrates how to use the observed price dynamics to adjust prices for unobserved quality differences across suppliers. The results of this analysis reveal that pure price dispersion and unobserved quality differences are both important in this market. These two features make it difficult to construct constant-quality import price indexes, which generally assume away pure price dispersion. We document the resulting upward bias in standard price indexes, develop a quality-adjusted index for semiconductor fabrication, and propose a general method for bounding the true constant-quality price index.
主题	Microeconomics ; Market Structure and Distribution ; International Economics ; Globalization and International Relations ; Industrial Organization ; Industry Studies
URL	https://www.nber.org/papers/w19637
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/577331
推荐引用方式 GB/T 7714	David Byrne,Brian K. Kovak,Ryan Michaels. Price and Quality Dispersion in an Offshoring Market: Evidence from Semiconductor Production Services. 2013.