IO: Empirical Studies of Firms & Markets eJournal最新文献_第7页

External Financing and Customer Capital: A Financial Theory of Markups 外部融资与客户资本:加价的金融理论

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2020-05-09 DOI: 10.2139/ssrn.2574953

W. Dou, Yan Ji

引用次数: 32

Levels of Structural Change: An Analysis of China's Development Push 1998-2014 结构变化的层次:1998-2014年中国发展动力分析

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2020-05-04 DOI: 10.2139/ssrn.3593018

T. Heinrich, Jangho Yang, Shuanping Dai

{"title":"Levels of Structural Change: An Analysis of China's Development Push 1998-2014","authors":"T. Heinrich, Jangho Yang, Shuanping Dai","doi":"10.2139/ssrn.3593018","DOIUrl":"https://doi.org/10.2139/ssrn.3593018","url":null,"abstract":"We investigate structural change in the PR China during a period of particularly rapid growth 1998-2014. For this, we utilize sectoral data from the World Input-Output Database and firm-level data from the Chinese Industrial Enterprise Database. Starting with correlation laws known from the literature (Fabricant's laws), we investigate which empirical regularities hold at the sectoral level and show that many of these correlations cannot be recovered at the firm level. For a more detailed analysis, we propose a multi-level framework, which is validated with empirically. For this, we perform a robust regression, since various input variables at the firm-level as well as the residuals of exploratory OLS regressions are found to be heavy-tailed. We conclude that Fabricant's laws and other regularities are primarily characteristics of the sectoral level which rely on aspects like infrastructure, technology level, innovation capabilities, and the knowledge base of the relevant labor force. We illustrate our analysis by showing the development of some of the larger sectors in detail and offer some policy implications in the context of development economics, evolutionary economics, and industrial organization.","PeriodicalId":430354,"journal":{"name":"IO: Empirical Studies of Firms & Markets eJournal","volume":"68 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124744340","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

Experience Effect in the Impact of Free Trial Promotions 免费试用促销影响中的体验效应

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2020-05-01 DOI: 10.1287/mnsc.2020.3613

Sadat Reza, Hillbun Ho, Rich Ling, Hongyang Shi

引用次数: 8

Optimal Policies for Inventory Systems with Piecewise-Linear Concave Ordering Costs 分段线性凹订货成本库存系统的最优策略

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2020-05-01 DOI: 10.2139/ssrn.3601262

A. Bensoussan, Md. Abu Helal, V. Ramakrishna, S. Sethi

{"title":"Optimal Policies for Inventory Systems with Piecewise-Linear Concave Ordering Costs","authors":"A. Bensoussan, Md. Abu Helal, V. Ramakrishna, S. Sethi","doi":"10.2139/ssrn.3601262","DOIUrl":"https://doi.org/10.2139/ssrn.3601262","url":null,"abstract":"We study infinite-horizon stochastic inventory problems with general demand distributions and piecewise linear concave ordering costs. Such costs arise in the important cases of quantity discounts or multiple suppliers. We consider the case of concave cost involving two linear segments. This corresponds to the case of one supplier with a fixed cost, a variable cost up to a given order quantity, and a quantity discount beyond that or, equivalently, the case of two suppliers, one with a low fixed cost along with a high variable cost and the other with a high fixed cost along with a low variable cost. We show that certain three and four parameter generalizations of the classical (s,S) policy are optimal. Our contributions consist of generalizing the demand, solving a functional Bellman equation for the value function that arises in the infinite-horizon framework, and providing an explicit solution in a special case of the exponential demand. We also give conditions under which our generalizations of the (s,S) policy reduce to the standard (s,S) policy. Finally and importantly, our method is also new in the sense that we construct explicitly the value function and we do not therefore need to utilize the notion of K-convexity used in the literature of inventory problems with fixed costs.","PeriodicalId":430354,"journal":{"name":"IO: Empirical Studies of Firms & Markets eJournal","volume":"12 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120807321","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Platform Competition, Vertical Differentiation and Price Coherence 平台竞争、垂直差异化与价格一致性

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2020-04-16 DOI: 10.2139/ssrn.3577437

H. Gerlach, Junqian Li

引用次数: 0

Some Data on the Market for Data 数据市场上的一些数据

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2020-04-05 DOI: 10.2139/ssrn.3568817

Morad Elsaify, Sharique Hasan

引用次数: 4

Global Value Chain in East Asia Under 'New Normal': Ideology-Technology-Institution Nexus “新常态”下的东亚全球价值链:意识形态-技术-制度关系

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2020-03-30 DOI: 10.2139/ssrn.3574488

Byung-il Choi

{"title":"Global Value Chain in East Asia Under 'New Normal': Ideology-Technology-Institution Nexus","authors":"Byung-il Choi","doi":"10.2139/ssrn.3574488","DOIUrl":"https://doi.org/10.2139/ssrn.3574488","url":null,"abstract":"This paper analyzes how the current Global Value Chain (GVC) of East Asia has been established, and attempts to project the future trajectory of GVC under New Normal in the global trading system. For this purpose, the framework of Ideology-TechnologyInstitution nexus is presented with focus on the dynamics of interplay between ideology and technology, duly recognizing the dual-aspect of technology- a platform for business and also for national defense. The paper analyzes how the Information and Communication Technology (ICT) of the 1990s played a role of “facilitator” in shaping the GVC of East Asia, where China plays ‘factory for final assembly’ and the US plays ‘the largest consumer’. Under New Normal, digital technology is likely to play the opposite role of “disrupting” the GVC of East Asia, unlike ICT. The paper explores the mechanism behind this great disruption. What is driving New Normal is the US-China power competition, seeking for dominance in East Asia and beyond. This paper argues that New Normal is not temporary shock, but will last for some time. Under this presumption, the paper presents three scenarios for the future trajectory of GVC in East Asia.","PeriodicalId":430354,"journal":{"name":"IO: Empirical Studies of Firms & Markets eJournal","volume":"1984 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130569429","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Price Elasticity Variations across Locations, Time and Customer Segments: An Application to the Self-Storage Industry 不同地点、时间和客户群的价格弹性变化:在自助仓储行业的应用

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2020-03-23 DOI: 10.2139/ssrn.3285521

S. Mullick, Nicolas Glady, S. Gelper

{"title":"Price Elasticity Variations across Locations, Time and Customer Segments: An Application to the Self-Storage Industry","authors":"S. Mullick, Nicolas Glady, S. Gelper","doi":"10.2139/ssrn.3285521","DOIUrl":"https://doi.org/10.2139/ssrn.3285521","url":null,"abstract":"The demand for services such as self-storage varies across locations, over time, as well as across customer segments. Service providers try to leverage these variations and maximize profits by adopting dynamic pricing policies. Implementing dynamic pricing, however, requires accurate estimates of price elasticities at a granular level. Using data from a leading self-storage retailer in Europe, we estimate a Bayesian Dynamic Hierarchical Linear Model (DHLM) to obtain price elasticities across 67 stores, for 21 bi-weeks, and high-valuation vs. low-valuation customer segments. Our estimation procedure accounts for price endogeneity, which is essential when using the estimated price elasticities to set the dynamic pricing policy. We find evidence of different price elasticities between stores and over time, which supports the practice of local dynamic price setting, as well as strong differences between customer segments. Overall, high-valuation customers are more price-sensitive than low-valuation customers. In addition, while the price elasticity of high-valuation customers remains stable, low-valuation customers become less price sensitive over time. This implies that a markup policy should be followed for low-valuation customers, but a more stable pricing regime may suffice for high-valuation customers. Last, we show the benefits of our model compared to a benchmark model with time-invariant price elasticities in determining the pricing policy, and discuss how our model can be applied to other industries that practice revenue management.","PeriodicalId":430354,"journal":{"name":"IO: Empirical Studies of Firms & Markets eJournal","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122717942","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Industrial Firms and Systemic Risk 工业企业与系统性风险

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2020-03-17 DOI: 10.2139/ssrn.3555836

Mardi Dungey, T. Flavin, Thomas O'Connor, Michael Wosser

引用次数: 1

How Do Firms Form Expectations of Aggregate Growth? New Evidence from a Large-Scale Business Survey 企业如何形成总增长预期?一项大规模商业调查的新证据

IO: Empirical Studies of Firms & Markets eJournal Pub Date : 2020-03-13 DOI: 10.18452/21402

Jonas Dovern, Lena Sophia Müller, K. Wohlrabe

引用次数: 6