Location decisions of heterogeneous European firms

Location decision of heterogeneous multinational firms

In this paper we examine how multinational …rms with varied levels of total factor productivity (TFP) self-select into di¤erent host countries. Using a dataset that records the subsidiaries of French manufacturing multinationals, we …nd that …rm-level TFP plays an important role in explaining the sorting of French …rms across host countries. Both the aggregateand …rm-level estimates suggest tha...

Location Decisions of Energy-Intensive Manufacturing Firms: Es

Heterogeneous Preferences and Location Choice with Multi-product Firms

This paper investigates whether the principle of minimum differentiation extends to the location choices of multi-product firms of different sizes supplying differentiated goods to consumers with heterogeneous tastes. Our analysis explicitly allows for the possibility that the resulting location equilibria will be asymmetric, and we compare the multiproduct equilibria with the location configur...

Firms export decisions

Modelling the Heterogeneous Price Setting Behavior of Firms (DSGE Approach)

Despite the empirical evidence of the difference in the degree of price stickiness of goods and services, in the new standard Keynesian models, the same price stickiness is considered for all firms producing intermediate goods. In recent years, a new generation of pricing models has been introduced to simulate the heterogeneous price setting behavior in which, unlike standard pricing models, th...