Exports versus multinational production under nominal uncertainty
نویسندگان
چکیده
منابع مشابه
Exports versus Multinational Production under Nominal Uncertainty
This paper examines how nominal uncertainty affects the choice firms face to serve a foreign market through exports or to produce abroad as a multinational. I develop a two-country, stochastic general equilibrium model in which firms make production and pricing decisions in advance, and I consider its implications for the relative attractiveness of exporting and multinational production. I find...
متن کاملU . S . EXPORTS AND MULTINATIONAL PRODUCTION Huiwen Lai and Susan
This paper presents a monopolistic competition model of trade and multinational production that incorporates asymmetric trade barriers and international differences in production costs. The model predicts the functional form for the dependence of U.S. exports and multinational production on tariffs, distance, and production costs. To deal with simultaneity, we estimate the nonlinear equations o...
متن کاملMultinational Exposure and the Quality of New Chinese Exports
We exploit rich information on the geographic, product and trader characteristics of Chinese exports between 1997-2003 to examine how evolution in the city-industry presence of multinational firms influenced the quality, frequency and survival of new export transactions by private Chinese firms. Our analysis finds that increased contact with own-industry multinational firms was associated with ...
متن کاملShortest Path under Uncertainty: Exploration versus Exploitation
In the Canadian Traveler Problem (CTP), a traveler seeks a shortest path to a destination through a road network, but unknown to the traveler, some roads may be blocked. This paper studies the Bayesian CTP (BCTP), in which road states are correlated with known prior probabilities and the traveler can infer the states of an unseen road from past observations of other correlated roads. As general...
متن کاملEpistemic versus Aleatory Judgment Under Uncertainty
Both cases involve judgment under uncertainty, with a mixture of evidence supporting and opposing each event’s likelihood. Yet, they involve what appears to be two qualitatively distinct representations of uncertainty. In the first case, Allie’s uncertainty reflects the unpredictability inherent to a stochastic process (i.e., random draws from the pool of Bingo numbers). This type of uncertaint...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of International Economics
سال: 2014
ISSN: 0022-1996
DOI: 10.1016/j.jinteco.2014.06.007