期刊
JOURNAL OF INTERNATIONAL ECONOMICS
卷 95, 期 2, 页码 216-232出版社
ELSEVIER
DOI: 10.1016/j.jinteco.2014.12.012
关键词
Flexible manufacturing; Investment in product and brand quality; Multi-product firms; Quality competition
类别
资金
- German Science Foundation (DFG) [EC 216/4-1, SFB TR 15]
- European Research Council under EU [295669]
- European Research Council (ERC) [295669] Funding Source: European Research Council (ERC)
We develop a new model of multi-product firms which invest to improve the perceived quality of both their individual products and their brand. Because of flexible manufacturing, products closer to firms' core competence have lower costs, so firms 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 pattern. (C) 2014 The Authors. Published by Elsevier B.V.
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