39,838 research outputs found
The effect of international trade on mark-ups distribution
This paper presents empirical evidence about the relationship between market openness and markup distribution of manufacturing firms. The empirical analysis uses a panel data set of Spanish firms in the period 1990-2005, with a structural approach that lets us to identify individual mark-ups. The results point out that tougher competition associated to openness reduces the average of marginal costs and prices, while it increases the average firm size. However, the evidence about the effect on average markups and the dispersion of performance variables is weaker. These results partially support the theoretical predictions by the recent literature on efficiency heterogeneity and international trade and, in particular, Melitz and Ottaviano (2008).markups, marginal costs, size, openness
Markups, bargaining power and offshoring: an empirical assessment
This paper tests the pro-competitive effect of imports on product and labour markets for Spanish manufacturing firms in the period 1990-2005. In doing so, it takes into account the type of imported products: final vs intermediate. Markups are estimated following the procedure suggested by Roeger (1995) and including an efficient bargaining model. The observed heterogeneity among firms is parameterized to consider additional product standardization and market concentration. The results support the Imports as Market Discipline hypothesis for importers of final goods, while firms that offshore intermediate inputs show similar markups to non-importers. Additionally, the union bargaining power is smaller the more final-goods oriented imports are and the more homogeneous is the type of goods elaborated by firms.Markups, offshoring, bargaining power
Recommended from our members
Using the Values-Practice Framework to adopt lifetime optimising behaviours: the case of maintenance
The influence that consumers have on the lifespan of products has attracted increased attention in recent years. Studies have provided an overall understanding of the factors that influence consumer attitudes and behaviours towards product longevity, categorised around the physical properties of a product, and individual and societal characteristics. However, such studies do not yet adequately explain how people could adopt product lifetime optimising behaviours. To fill this gap, the paper analyses a range of studies on what influences product lifetimes, focusing on maintenance activities. It proposes the use of the Values-Practice framework derived from two theoretical positions, social psychology and social practice theory, to consider how to facilitate the adoption of lifetime optimising behaviours. To build this framework, it analyses studies that classify factors influencing attitudes and behaviours towards product lifetimes and then links these to the âmeaningâ, âcompetenceâ and âmaterialâ elements of practice. The framework could be used as a tool to aid designers under stand the different elements and factors that engage people in maintenance activities. The paper concludes by considering the research requirements for the future application of the framework
SIMULTANEOUS ESTIMATION OF TECHNOLOGY ADOPTION AND LAND ALLOCATION
The paper considers the econometric modeling of technology adoption when crop choice is simultaneous. Bivariate probit is used to estimate a model of irrigation technology choice and land allocation using a unique field-level data set from California's Central Valley. Special attention is paid to the proper calculation of marginal effects in the bivariate probit model, which are often useful for policy purposes. Estimation results confirm that the choices of irrigation technology and land allocation are simultaneous. With regard to the influence of price incentives on agricultural water use, estimation results from the bivariate probit model indicate that the influence of water price on the adoption of precision irrigation technology is much larger than previously realized. A univariate model of technology choice that treats land allocation as exogenous underestimates the effect of water price on the adoption of precision technology by over 40 percent.Land Economics/Use, Research and Development/Tech Change/Emerging Technologies,
Numerical modelling of non-ionic microgels: an overview
Microgels are complex macromolecules. These colloid-sized polymer networks
possess internal degrees of freedom and, depending on the polymer(s) they are
made of, can acquire a responsiveness to variations of the environment
(temperature, pH, salt concentration, etc.). Besides being valuable for many
practical applications, microgels are also extremely important to tackle
fundamental physics problems. As a result, these last years have seen a rapid
development of protocols for the synthesis of microgels, and more and more
research has been devoted to the investigation of their bulk properties.
However, from a numerical standpoint the picture is more fragmented, as the
inherently multi-scale nature of microgels, whose bulk behaviour crucially
depends on the microscopic details, cannot be handled at a single level of
coarse-graining. Here we present an overview of the methods and models that
have been proposed to describe non-ionic microgels at different length-scales,
from the atomistic to the single-particle level. We especially focus on
monomer-resolved models, as these have the right level of details to capture
the most important properties of microgels, responsiveness and softness. We
suggest that these microscopic descriptions, if realistic enough, can be
employed as starting points to develop the more coarse-grained representations
required to investigate the behaviour of bulk suspensions
- âŠ