Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification. /
| Hovedforfatter: | |
|---|---|
| Format: | Licensed eBooks |
| Sprog: | engelsk |
| Udgivet: |
[Washington, D.C.] :
International Monetary Fund,
[2017]
|
| Serier: | IMF working paper ;
WP/17/146. |
| Online adgang: | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1555981 |
Indholdsfortegnelse:
- Cover; Table of Contents; 1 Introduction; 2 The Relationship between Extensive Margin Adjustment and Asset Price Under CCAPM; 3 Data Description; 4 Empirical Findings; 4.1 Extensive Margin Adjustment Rate is Sticky
- 4.2 Comparison between High vs Low Product Turnover Groups; 4.3 Portfolio Analysis; 4.4 Extensive margin Adjustment and Risk; 4.5 Robustness Check; 5 A Dynamic Model of Extensive Margin Adjustment; 5.1 Household; 5.2 Price of the Product; 5.3 Firm's Decision on Optimal Product Scope: Without Friction; 5.4 Firm's Decision on Optimal Product Scope: A Calvo-type Model.
- 5.5 Model Summary5.6 Return Rate; 5.7 Parametrization; 5.8 Simulation; 6 Conclusion; References; Appendix.