IDEAS home Printed from https://ideas.repec.org/p/hal/pseptp/hal-03969780.html

Shipment frequency of exporters and demand uncertainty

Author

Listed:
  • Gábor Békés

    (Institute of Economics [Budapest] - Research Centre for Economic and Regional Studies - MTA - Hungarian Academy of Sciences, CEPR - Center for Economic Policy Research)

  • Lionel Fontagné

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, CEPII - Centre d'Etudes Prospectives et d'Informations Internationales - Centre d'analyse stratégique)

  • Balázs Muraközy

    (Institute of Economics [Budapest] - Research Centre for Economic and Regional Studies - MTA - Hungarian Academy of Sciences)

  • Vincent Vicard

    (CEPII - Centre d'Etudes Prospectives et d'Informations Internationales - Centre d'analyse stratégique, Centre de recherche de la Banque de France - Banque de France)

Abstract

Firms adjust to differences in market size and demand uncertainty by changing the frequency and size of their export shipments. In our inventory model, transportation costs and optimal shipment frequency are determined on the basis of demand as well as inventory and per shipments costs. Using a cross section of monthly firm-product-destination level French export data we confirm that firms adjust on both margins for market size. In a stochastic setting, firms adjust to increased uncertainty by reducing their sales and, for a given export volume, by reducing their number of shipments and increasing their shipment size
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Gábor Békés & Lionel Fontagné & Balázs Muraközy & Vincent Vicard, 2017. "Shipment frequency of exporters and demand uncertainty," PSE-Ecole d'économie de Paris (Postprint) hal-03969780, HAL.
    • Handle: RePEc:hal:pseptp:hal-03969780
    DOI: 10.1007/s10290-017-0286-0
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Md Deluair Hossen, 2023. "Financing Costs, Per-Shipment Costs and Shipping Frequency: Firm-Level Evidence from Bangladesh," Papers 2303.04223, arXiv.org.
    2. Mehl, Arnaud & Sabbadini, Giulia & Schmitz, Martin & Tille, Cédric, 2024. "Distance(s) and the volatility of international trade(s)," European Economic Review, Elsevier, vol. 167(C).
    3. Carballo, Jerónimo & Schaur, Georg & Graziano, Alejandro & Volpe Martincus, Christian, 2016. "Transit Trade," IDB Publications (Working Papers) 7688, Inter-American Development Bank.
    4. Alexander-Nikolai Sandkamp & Shuyao Yang, 2018. "Where Has the Rum Gone? Firms’ Choice of Transport Mode under the Threat of Maritime Piracy," ifo Working Paper Series 271, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    5. Ngo Van Long & Yifan Li & Zhuang Miao, 2020. "Effects of Exchange Rate Volatility on Export Diversity: The Role of Production Constraints," CIRANO Working Papers 2020s-41, CIRANO.
    6. Crozet, Matthieu & Hinz, Julian & Stammann, Amrei & Wanner, Joschka, 2021. "Worth the pain? Firms’ exporting behaviour to countries under sanctions," European Economic Review, Elsevier, vol. 134(C).
    7. Jerónimo Carballo & Alejandro G. Graziano & Georg Schaur & Christian Volpe Martincus, 2024. "The Effects of Transit Systems on International Trade," The Review of Economics and Statistics, MIT Press, vol. 106(4), pages 1083-1098, July.
    8. Alexander Sandkamp & Vincent Stamer & Shuyao Yang, 2022. "Where has the rum gone? The impact of maritime piracy on trade and transport," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 158(3), pages 751-778, August.
    9. Straume, Hans-Martin, 2015. "Trade costs and Norwegian salmon export," Working Papers in Economics 06/15, University of Bergen, Department of Economics.
    10. Alessandria, George & Choi, Horag & Kaboski, Joseph P. & Midrigan, Virgiliu, 2015. "Microeconomic uncertainty, international trade, and aggregate fluctuations," Journal of Monetary Economics, Elsevier, vol. 69(C), pages 20-38.
    11. Wang, Rui & Mao, Keqi, 2024. "How does bank competition affect trade-mode transformation? Evidence from Chinese export enterprises," Journal of Multinational Financial Management, Elsevier, vol. 72(C).
    12. Joachim Wagner, 2017. "Trade costs shocks and lumpiness of imports: Evidence from the Fukushima disaster," Economics Bulletin, AccessEcon, vol. 37(1), pages 149-155.
    13. Chris Muris & Horst Raff & Nicolas Schmitt & Frank Stähler, 2023. "Inventory, Sourcing, and the Effects of Trade Costs: Theory and Empirical Evidence," CESifo Working Paper Series 10253, CESifo.
    14. Ra'ul M'inguez & Asier Minondo, 2024. "The increasing share of low-value transactions in international trade," Papers 2407.15509, arXiv.org, revised Dec 2024.
    15. Pani, Agnivesh & Sahu, Prasanta K. & Tavasszy, Lóránt & Mishra, Sabya, 2023. "Freight activity-travel pattern generation (FAPG) as an enhancement of freight (trip) generation modelling: Methodology and case study," Transport Policy, Elsevier, vol. 144(C), pages 34-48.
    16. Eaton, Jonathan & Eslava, Marcela & Jinkins, David & Krizan, C.J. & Tybout, James, 2025. "A search and learning model of export dynamics," Journal of International Economics, Elsevier, vol. 157(C).
    17. Volpe Martincus, Christian & Carballo, Jerónimo & Graziano, Alejandro, 2015. "Customs," Journal of International Economics, Elsevier, vol. 96(1), pages 119-137.
    18. David Gomtsyan & Alexander Tarasov, 2022. "Exporting costs and multi‐product shipments," Scandinavian Journal of Economics, Wiley Blackwell, vol. 124(4), pages 990-1023, October.
    19. Jerónimo Carballo & Georg Schaur & Alejandro Graziano & Christian Volpe Martincus, 2016. "Transit Trade," IDB Publications (Working Papers) 94658, Inter-American Development Bank.
    20. Héricourt, Jérôme & Nedoncelle, Clément, 2018. "Multi-destination firms and the impact of exchange-rate risk on trade," Journal of Comparative Economics, Elsevier, vol. 46(4), pages 1178-1193.
    21. Wagner, Joachim, 2016. "The lumpiness of German exports and imports of goods," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 10, pages 1-38.
    22. Hayakawa, Kazunobu & Laksanapanyakul, Nuttawut & Yoshimi, Taiyo, 2016. "Effect of import time on export patterns," IDE Discussion Papers 566, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    23. Sravaitri CHAUDHURI, 2020. "Welfare enhancing uncertainty," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(625), W), pages 73-88, Winter.
    24. Li, Yifan & Miao, Zhuang, 2019. "Effect of Exchange Rate Volatility on Imports: Evidences from Chinese Firms," MPRA Paper 95088, University Library of Munich, Germany.
    25. Alessandria, George & Khan, Shafaat Yar & Khederlarian, Armen, 2024. "Taking stock of trade policy uncertainty: Evidence from China’s pre-WTO accession," Journal of International Economics, Elsevier, vol. 150(C).

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:pseptp:hal-03969780. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Caroline Bauer (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.