1 edition of Flexibility versus commitment in strategic trade policy under uncertainty found in the catalog.
by College of Commerce and Business Administration, University of Illinois at Urbana-Champaign in [Urbana, Ill.]
Written in English
Includes bibliographical references (p. 24).
|Series||BEBR faculty working paper -- no. 90-1651, BEBR faculty working paper -- no. 90-1651.|
|Contributions||University of Illinois at Urbana-Champaign. College of Commerce and Business Administration|
|The Physical Object|
|Pagination||24 p. :|
|Number of Pages||24|
managing uncertainty and flexibility in the modern energy sector: quantitative modeling of technical risk, economic value, and strategic competition a dissertation submitted to the department of management science and engineering and the committee on graduate studies of stanford university in partial fulfillment of the requirements. drop in economic activity in response to a rise in trade policy uncertainty. Section 2 presents our measures of trade policy uncertainty. Section 3 describes the empirical e ects of trade policy uncertainty. Sections 4 contains the model, and Section 5 shows the model experiments. Section 6 .
Strategic flexibility is explained by management scholars as the capability of firms to respond and successively adjust to environmental change (Evans, ). The phase has also been applied to strategic decision making, as it is the extent to which new and alternative options in strategic decision making are generated and considered (Greenley. Flexibility and Options The value of commitments lies in creating inflexibility However, when there is uncertainty, flexibility is valuable since future options are kept open Commitments can sacrifice the value of the options
Trade policy uncertainty Summary findings of a private sector study on progress under a Europe-Asia trade facilitation action plan are featured in an annex, while another commitment by customs administrations to improve transparency and. Strategic flexibility: Organizational preparedness to reverse ineffective strategic decisions Katsuhiko Shimizu and Michael A. Hitt Executive Overview In a highly uncertain and changing environment, managers need to have the strategic flexibility to respond to problems speedily. Strategic flexibility is the organization's.
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Journal of International Economics 31 () North-Holland Flexibility versus commitment in strategic trade policy under uncertainty A model of endogenous policy leadership Lanny Arvan* University of Illinois, Champaign, ILUSA Received Augustrevised version received November I consider a tax-subsidy game played between by: Journals & Books; Help Vol Issues 3–4, NovemberPages Flexibility versus commitment in strategic trade policy under uncertainty: A model of endogenous policy leadership.
Author links open overlay panel Lanny Arvan Cited by: "Flexibility versus commitment in strategic trade policy under uncertainty: A model of endogenous policy leadership," Journal of International Economics, Elsevier, vol.
31(), pagesNovember. STX J5 COPY2 BEBR FACULTYWORKING PAPERNO FlexibilityVersusCommitmentin StrategicTradePolicyUnderUncertainty: AModelofEndogenousPolicyLeadership Thelibrary. This paper examines the trade-off between strategic investment commitment and flexibility under oligopoly. Facing demand uncertainty, firms decide whether to commit to investment early or wait.
Flexibility versus commitment in strategic trade policy under uncertainty: a model of endogenous policy leadership.
By Lanny Arvan. Abstract. Includes bibliographical references (p. 24) Publisher: [Urbana, Ill.]: College of Commerce and Business Administration, University of Illinois at Urbana-Champaign, Year: OAI.
Flexibility versus commitment in strategic trade policy under uncertainty: A model of endogenous policy leadership. Arvan, Lanny, "Flexibility versus commitment in strategic trade policy under uncertainty: A model of endogenous policy leadership," Journal of International Economics, Elsevier, vol.
31(), pagesNovember. Jean Tirole, Arvan, L. Flexibility versus Commitment in Strategic Trade Policy under Uncertainty. Journal of International Economics 31 (3): – Google Scholar.
Aryan, L., “Flexibility versus Commitment in Strategic Trade Policy Under Uncertainty: A Model of Endogenous Policy Leadership,” Journal of International Economics,31.
Firms face a trade-off between commitment by FDI first and flexibility by a wait- and-see strategy. The purpose of this paper is to propose an explanation of the strategic behavior of MNEs headquartered in developed country with respect to the switching time from exporting to FDI under demand uncertainty in a host developing country.
Our. This paper examines optimal trade policy in a two-period oligopoly model in which a home and a foreign firm choose capital and output.
Demand uncertainty which is resolved in period two gives rise to a trade-off between strategic commitment and flexibility in the firms’ investment decision.
Trade policy flexibility mechanisms are backed up by enforcement instruments which allow for punishment of illegal extra-contractual conduct. This book offers a legal and economic analysis of contractual escape and punishment in the WTO. Short-run policy commitment and international rivalry under uncertainty: attained under a free trade policy.
More specifically, intervention by a “semi-autonomous” state may not benefit a 7 The theme of commitment versus flexibility in a strategic environment has been studied in different models.
Some authors endogenised the. Flexibility Versus Commitment in Strategic Trade Policy Under Uncertainty: A Model of Endogenous Policy Leadership,” (). Minimum Quality Standards under Cournot Competition,”. Flexibility versus Commitment in Strategic Trade Policy under Uncertainty - A Model of Endogenous Policy Leadership, ().
Industrial Organization Theory and Experimental Economics. Commitment vs. Flexibility∗ Manuel Amador Stanford GSB [email protected] Iv´an Werning MIT, NBER and UTDT [email protected] George-Marios Angeletos MIT and NBER [email protected] First Draft: December This Version: November Abstract We study the optimal tradeoﬀ between commitment and ﬂexibility in a consumption-savings model.
Flexibility Versus Commitment in Strategic Trade Policy Under Uncertainty: A Model of Endogenous Policy Leadership,” (). Import Tariﬀsi nV e r t i c a l l yD i ﬀerentiated Industries,” mimeo. uncertainty. Thus, under uncertainty there is a trade-off between focus and flexibility. When faced with uncertainty there is a third option, besides focus and flexibility, available to a firm: to wait and act only after the uncertainty is removed.
A firm in the corn. Price Commitment Versus Flexibility: The Role of Exchange Rate Uncertainty and its Implications for Exchange Rate Passthrough Review of International Economics, Vol. 11, pp.September 15 Pages Posted: 12 Oct.
We study the optimal trade‐off between commitment and flexibility in a consump‐ tion–savings model. Individuals expect to receive relevant information regarding tastes and thus they value the flexibility provided by larger choice sets.Commitment Vs.
Flexibility Manuel Amador, Ivan Werning, George-Marios Angeletos. NBER Working Paper No. Issued in December NBER Program(s):Economic Fluctuations and Growth This paper studies the optimal trade-off between commitment and flexibility in an intertemporal consumption/savings choice model.
Lawyers will endlessly debate the legality of the president’s actions under current domestic and international law. The courts tend to defer to the executive on matters of national security and foreign policy.
The administration will argue that it needs to retain full flexibility to use tariffs as a .