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Multi-Product Firms and Flexible Manufacturing in the Global Economy

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  • Peter Neary
  • Carsten Eckel

Abstract

We present a new model of multi-product firms (MPFs) and flexible manufacturing and explore its implications in partial and general equilibrium. International trade integration affects the scale and scope of MPFs through a competition effect and a demand effect. We demonstrate how MPFs adjust in the presence of single-product firms and in heterogeneous industries. Our results are in line with recent empirical evidence and suggest that MPFs in conjunction with flexible manufacturing play an important role in the impact of international trade on product diversity.

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Bibliographic Info

Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 292.

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Date of creation: 01 Nov 2006
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Handle: RePEc:oxf:wpaper:292

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Keywords: Multi-Product Firms; Flexible Manufacturing; General Oligopolistic Equilibrium (GOLE); International Trade; Product Diversity;

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  1. NORMAN, George & THISSE, Jacques-François, . "Technology choice and market structure: strategic aspects of flexible manufacturing," CORE Discussion Papers RP, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) -1414, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  2. Volker Grossmann, 2003. "Firm Size and Diversification: Asymmetric Multiproduct Firms under Cournot Competition," CESifo Working Paper Series 1047, CESifo Group Munich.
  3. Carsten Eckel, 2009. "International trade, flexible manufacturing, and outsourcing," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 42(4), pages 1449-1472, November.
  4. Christian Broda & David E. Weinstein, 2006. "Globalization and the Gains from Variety," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 121(2), pages 541-585, May.
  5. Stephen J Redding & Peter K Schott & Andrew B Bernard, 2007. "Multi-product Firms and Trade Liberalization," 2007 Meeting Papers, Society for Economic Dynamics 44, Society for Economic Dynamics.
  6. Eaton, B Curtis & Schmitt, Nicolas, 1994. "Flexible Manufacturing and Market Structure," American Economic Review, American Economic Association, American Economic Association, vol. 84(4), pages 875-88, September.
  7. Paul Allanson & Catia Montagna, 1999. "Multiproduct Firms and Market Structure: An Explorative Application to the Product Life Cycle," Dundee Discussion Papers in Economics, Economic Studies, University of Dundee 101, Economic Studies, University of Dundee.
  8. OTTAVIANO, Gianmarco & THISSE, Jacques-François, 1999. "Monopolistic competition, multiproduct firms and optimum product diversity," CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) 1999019, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  9. James Brander & Jonathan Eaton, 1982. "Product Line Rivalry," Working Papers, Queen's University, Department of Economics 519, Queen's University, Department of Economics.
  10. Eckel, Carsten, 2005. "International Trade, Flexible Manufacturing and Outsourcing," Center for European, Governance and Economic Development Research Discussion Papers 45, University of Goettingen, Department of Economics.
  11. John Baldwin & Wulong Gu, 2009. "The Impact of Trade on Plant Scale, Production-Run Length and Diversification," NBER Chapters, in: Producer Dynamics: New Evidence from Micro Data, pages 557-592 National Bureau of Economic Research, Inc.
  12. David P. Myatt & Justin P. Johnson, 2005. "Multiproduct Cournot Oligopoly," Economics Series Working Papers 145, University of Oxford, Department of Economics.
  13. Baldwin, Richard & Ottaviano, Gianmarco Ireo Paolo, 1998. "Multiproduct Multinationals and Reciprocal FDI Dumping," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1851, C.E.P.R. Discussion Papers.
  14. repec:fth:louvco:9919 is not listed on IDEAS
  15. Milgrom, Paul & Roberts, John, 1990. "The Economics of Modern Manufacturing: Technology, Strategy, and Organization," American Economic Review, American Economic Association, American Economic Association, vol. 80(3), pages 511-28, June.
  16. Justin P. Johnson & David P. Myatt, 2003. "Multiproduct Quality Competition: Fighting Brands and Product Line Pruning," American Economic Review, American Economic Association, American Economic Association, vol. 93(3), pages 748-774, June.
  17. Jiandong Ju, 2003. "Oligopolistic Competition, Technology Innovation, and Multiproduct Firms," Review of International Economics, Wiley Blackwell, vol. 11(2), pages 346-359, 05.
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