منابع مشابه
Multi - Product Firms , Industry Mix , and Product Switching ∗ Andrew B . Bernard
This paper examines firms and the products they manufacture — and abandon — over time. We find strong relationships between product switching and a number of microand macroeconomic variables, including firm performance, aggregate manufacturing growth and product diversification. Most importantly, product switching is a very important — and active — margin of firm adjustment that is positively c...
متن کاملNot for Publication: Technical Appendix to Multi-Product Firms and Product Switching
This technical appendix contains a more detailed exposition of the model and additional supplementary material for the paper. The remainder of the technical appendix is structured as follows. Section B develops the model. Section C derives the features of product switching at the rm, product and rm-product level that we examine empirically in the paper. For further economic intuition, Section...
متن کاملMulti-Product Firms and Trade Liberalization∗
This paper develops a general equilibrium model of international trade that features selection across firms, products and countries. Firms’export decisions depend on a combination of firm “productivity” and firm-product-country “consumer tastes”, both of which are stochastic and unknown prior to the payment of a sunk cost of entry. Trade liberalization induces endogenous reallocations of resour...
متن کاملProduct Choice and Product Switching
This paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by U.S. manufacturers. Two-thirds of continuing firms change their product mix every five years, and product switches involve more than 40% of firm output and almost half of existing products. The theoretical model incorporates heterogen...
متن کاملAre Sports Teams Multi-product Firms?
Author Contact: K. G. Stewart, Dept. of Economics, University of Victoria, P.O. Box 1700, STN CSC, Victoria, B.C., Canada V8W 2Y2; e-mail: [email protected]; Phone: (250) 721-8534; FAX: (250) 721-6214 Abstract The appropriate conception of team outputs is investigated by estimating a two-output factor demand system for baseball teams, relative to which single-output models are rejected. There is...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1440916