作者：Dyck, IJA
摘要：This paper suggests that management's role in enterprise restructuring and market-failures in the managerial labor market help explain important features of the German privatization program. A model of adverse selection based on information advantages for private owners demonstrates how privatization can improve the quality and number of western managers in eastern enterprises. These benefits can increase with the size of the transition. Evidence of management replacement and significant diffe...
作者：Harrigan, J
摘要：The neoclassical model of trade predicts that international specialization will be jointly determined by cross-country differences in relative factor endowments and technology levels. This paper specifies an empirical model of specialization consistent with the neoclassical explanation. In the model, a sector's share of GDP depends on relative factor supplies and relative technology differences, and the estimated parameters of the model have a clear connection to theoretical parameters. The mo...
作者：Jones, CM; Seguin, PJ
作者单位：University of Michigan System; University of Michigan
作者：Roberts, MJ; Tybout, JR
作者单位：Georgetown University; National Bureau of Economic Research
摘要：Recent theoretical models of entry predict that, in the presence of sunk costs, current market participation is affected by prior experience. This paper quantifies the effect of prior exporting experience on the decisions of Colombian manufacturing plants to participate in foreign markets. It develops a dynamic discrete-choice model of exporting behavior that separates the roles of profit heterogeneity and sunk entry costs in explaining plants' exporting status. Stink costs are found to be sig...
