Multi-product Firms and Product Quality Expansion PDF Download
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Author: Van Pham
Publisher:
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Category :
Languages : en
Pages :
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Author: Van Pham
Publisher:
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Category :
Languages : en
Pages :
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Author: Kalina Manova
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 0
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We examine the global operations of multi-product firms. We present a flexible heterogeneous-firm trade model with either limited or strong scope for quality differentiation. Using customs data for China during 2002-2006, we empirically establish that firms allocate activity across products in line with a product hierarchy based on quality. Firms vary output quality across their products by using inputs of different quality levels. Their core competence is in varieties of superior quality that command higher prices but nevertheless generate higher sales. In markets where they offer fewer products, firms concentrate on their core varieties by dropping low-quality peripheral goods on the extensive margin and by shifting sales towards top-quality products on the intensive margin. The product quality ladder also governs firms ' export dynamics, both in general and in response to the exogenous removal of MFA quotas on textiles and apparel. Our results inform the drivers and measurement of firm performance, the effects of trade reforms, and the design of development policies.
Author: Kalina Manova
Publisher:
ISBN:
Category : Exports
Languages : en
Pages : 45
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Book Description
We examine the global operations of multi-product firms. We present a flexible heterogeneous-firm trade model with either limited or strong scope for quality differentiation. Using customs data for China during 2002-2006, we empirically establish that firms allocate activity across products in line with a product hierarchy based on quality. Firms vary output quality across their products by using inputs of different quality levels. Their core competence is in varieties of superior quality that command higher prices but nevertheless generate higher sales. In markets where they offer fewer products, firms concentrate on their core varieties by dropping low-quality peripheral goods on the extensive margin and by shifting sales towards top-quality products on the intensive margin. The product quality ladder also governs firms' export dynamics, both in general and in response to the exogenous removal of MFA quotas on textiles and apparel. Our results inform the drivers and measurement of firm performance, the effects of trade reforms, and the design of development policies.
Author:
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Category : Competition
Languages : en
Pages : 0
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We develop a new model of multi-product firms which invest to improve both the quality of their individual products and of their brand. Because of flexible manufacturing, products closer to firms' core competence have lower costs, so they produce more of them, and also have higher incentives to invest in their quality. These two effects have opposite implications for the profile of prices. Mexican data provide robust confirmation of the model's key prediction: firms in differentiated-good sectors exhibit quality-based competence (prices fall with distance from core competence), but export sales of firms in non-differentiated-good sectors exhibit the opposite.
Author: Carsten Eckel
Publisher:
ISBN:
Category :
Languages : en
Pages : 46
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Author: Charles R. Hulten
Publisher: University of Chicago Press
ISBN: 0226360644
Category : Medical
Languages : en
Pages : 648
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The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.
Author: Lin Sun
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Whether there exists a dual-product market in China. In fact, there are obvious distribution differences between low-end products and high-end products, which are dominated by low-end products in a "pyramid" shape. This paper explores the resource allocation in multi-product firms based on the perspective of dual-products, which is an important part of achieving high-quality development of trade. This paper explores the impact of the market size of destination on the export product mix of China's multi-product firms. It is found that with the expansion of the market size of destination, China's multi-product firms will be more inclined to export and sell their core products. Furthermore, this paper explores two intermediate mechanisms: competition effect and digital effect, both of which can effectively promote the "tilt effect" of the market size of destination on the export products of multi-product firms.
Author: Kenneth Laitinen
Publisher: North Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 256
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Author: Juan A. Manez
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 56
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The Department of Economics at the University of Warwick presents the full text of the research paper entitled "Multiproduct Firms and Product Differentiation: A Survey," by Juan A. Manez and Michael Waterson that was published in June 2001. The paper is in PDF format. The authors discuss the impact of horizontal and vertical product differentiation on market structure. Manez and Waterson discuss price elasticity and mark-ups.
Author:
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Category :
Languages : en
Pages :
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