The Proximity-Concentration Trade-Off in a Dynamic Framework

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Show simple item record Yalcin, Erdal de_DE 2007-10-22 de_DE 2014-03-18T10:02:46Z 2007-10-22 de_DE 2014-03-18T10:02:46Z 2007 de_DE
dc.identifier.other 284937894 de_DE
dc.identifier.uri de_DE
dc.description.abstract This paper presents a dynamic framework which implements risk as a continuous variable into the proximity-concentration trade-off concept. Additionally firms have the possibility to postpone their investment decision which gives them the possibility to collect further information about the volatile variable over time. On the basis of the real option theory (Dixit and Pindyck, 1994) an investment plan under uncertainty is derived. In contrast to static models firms postpone their investment decision although positive returns can be achieved. For specific risk values the model predicts, in the presence of a foreign direct investment choice, the export strategy can be rejected although it is dominating the FDI project and although it is worthier than its option value. The results of the model undermine empirical findings which analyze the impact of continuous variables on export and FDI patterns. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podno de_DE
dc.rights.uri de_DE
dc.rights.uri en
dc.subject.classification Unvollkommene Information , Export , Entscheidung bei Unsicherheit de_DE
dc.subject.ddc 330 de_DE
dc.subject.other Export , FDI , Uncertainty , Real Option Approach en
dc.title The Proximity-Concentration Trade-Off in a Dynamic Framework en
dc.type WorkingPaper de_DE 2007-10-23 de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
dcterms.DCMIType Text de_DE
utue.publikation.typ workingPaper de_DE 3060 de_DE
utue.opus.portal wiwidisk de_DE
utue.opus.portalzaehlung 312.00000 de_DE
utue.publikation.source Tübinger Diskussionsbeiträge der Wirtschaftswissenschaftlichen Fakultät ; 312 de_DE
utue.publikation.reihenname Tübinger Diskussionsbeitrag de_DE
utue.publikation.zsausgabe 312
utue.publikation.erstkatid 2136475-8


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