Multi-product Firms and Flexible Manufacturing in the Global Economy.
We present a new model of multi-product firms (MPFs) and flexible manufacturing, and explore its implications in partial and general oligopolistic equilibrium. Globalization affects the scale and scope (or intensive margin and intra-firm extensive margin) of MPFs through a competition effect and a d...
| Main Authors: | , |
|---|---|
| Format: | Journal article |
| Language: | English |
| Published: |
Wiley
2010
|
| _version_ | 1797070935459627008 |
|---|---|
| author | Eckel, C Neary, J |
| author_facet | Eckel, C Neary, J |
| author_sort | Eckel, C |
| collection | OXFORD |
| description | We present a new model of multi-product firms (MPFs) and flexible manufacturing, and explore its implications in partial and general oligopolistic equilibrium. Globalization affects the scale and scope (or intensive margin and intra-firm extensive margin) of MPFs through a competition effect and a demand effect. The model highlights a new source of gains from trade: productivity increases as firms become "leaner and meaner", concentrating on their core competence; but also a new source of losses from trade: product variety may fall. Our results also hold under free entry, which allows in addition for adjustment along the traditional inter-firm extensive margin. |
| first_indexed | 2024-03-06T22:46:06Z |
| format | Journal article |
| id | oxford-uuid:5d3ce5d1-d0b0-472f-abb2-0bc01a9c57eb |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T22:46:06Z |
| publishDate | 2010 |
| publisher | Wiley |
| record_format | dspace |
| spelling | oxford-uuid:5d3ce5d1-d0b0-472f-abb2-0bc01a9c57eb2022-03-26T17:33:08ZMulti-product Firms and Flexible Manufacturing in the Global Economy.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:5d3ce5d1-d0b0-472f-abb2-0bc01a9c57ebEnglishDepartment of Economics - ePrintsWiley2010Eckel, CNeary, JWe present a new model of multi-product firms (MPFs) and flexible manufacturing, and explore its implications in partial and general oligopolistic equilibrium. Globalization affects the scale and scope (or intensive margin and intra-firm extensive margin) of MPFs through a competition effect and a demand effect. The model highlights a new source of gains from trade: productivity increases as firms become "leaner and meaner", concentrating on their core competence; but also a new source of losses from trade: product variety may fall. Our results also hold under free entry, which allows in addition for adjustment along the traditional inter-firm extensive margin. |
| spellingShingle | Eckel, C Neary, J Multi-product Firms and Flexible Manufacturing in the Global Economy. |
| title | Multi-product Firms and Flexible Manufacturing in the Global Economy. |
| title_full | Multi-product Firms and Flexible Manufacturing in the Global Economy. |
| title_fullStr | Multi-product Firms and Flexible Manufacturing in the Global Economy. |
| title_full_unstemmed | Multi-product Firms and Flexible Manufacturing in the Global Economy. |
| title_short | Multi-product Firms and Flexible Manufacturing in the Global Economy. |
| title_sort | multi product firms and flexible manufacturing in the global economy |
| work_keys_str_mv | AT eckelc multiproductfirmsandflexiblemanufacturingintheglobaleconomy AT nearyj multiproductfirmsandflexiblemanufacturingintheglobaleconomy |