NOT FOR PUBLICATION Online Appendix for “ Institutions and Export Dynamics ”
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چکیده
This online Appendix has two parts. One contains extensions of the model in the main text. First, we introduce stochastic demand shocks to allow “bad outcomes” to arise despite the actions of distributors. Second, we consider that distributors and producers return to the pool of inactive agents after their partnerships are terminated. The other part of the Appendix has supplementary empirical results, obtained from restricted samples and using different controls, as well additional controls estimates and descriptive statistics. A-1 Extensions of the Model A-1.1 Exogenous "bad outcomes": demand shocks We assume in our model that “bad outcomes” from the perspective of the exporter arise only when the distributor defaults on the contract. An implication of that assumption is that, after the realization of any outcome where the producer receives less than () from the distributor, he immediately concludes that the distributor is myopic. But while very convenient analytically, this
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تاریخ انتشار 2012