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The Proximity-Concentration Trade-Off under Goods Price and Exchange Rate Uncertainty

Research output: Working paperResearch

Standard

The Proximity-Concentration Trade-Off under Goods Price and Exchange Rate Uncertainty. / Yalcin, Erdal.

Aarhus : Aarhus School of Business, Aarhus University, Department of Economics, 2008.

Research output: Working paperResearch

Harvard

Yalcin, E 2008 'The Proximity-Concentration Trade-Off under Goods Price and Exchange Rate Uncertainty' Aarhus School of Business, Aarhus University, Department of Economics, Aarhus.

APA

Yalcin, E. (2008). The Proximity-Concentration Trade-Off under Goods Price and Exchange Rate Uncertainty. Aarhus School of Business, Aarhus University, Department of Economics.

CBE

Yalcin E. 2008. The Proximity-Concentration Trade-Off under Goods Price and Exchange Rate Uncertainty. Aarhus: Aarhus School of Business, Aarhus University, Department of Economics.

MLA

Yalcin, Erdal The Proximity-Concentration Trade-Off under Goods Price and Exchange Rate Uncertainty. Aarhus: Aarhus School of Business, Aarhus University, Department of Economics. 2008., 59 p.

Vancouver

Yalcin E. The Proximity-Concentration Trade-Off under Goods Price and Exchange Rate Uncertainty. Aarhus: Aarhus School of Business, Aarhus University, Department of Economics. 2008.

Author

Yalcin, Erdal. / The Proximity-Concentration Trade-Off under Goods Price and Exchange Rate Uncertainty. Aarhus : Aarhus School of Business, Aarhus University, Department of Economics, 2008.

Bibtex

@techreport{68995d40baf811dd8407000ea68e967b,
title = "The Proximity-Concentration Trade-Off under Goods Price and Exchange Rate Uncertainty",
abstract = "The underlying model combines the proximity-concentration trade-o? framework with the real option approach. In contrast to the latest trade models, uncertainty is introduced as a continuous phenomenon. Furthermore, the model contains the innovation of comparing two option values simultaneously. The implementation of goods price uncertainty turns out to reduce the probability of entering a new market as an exporter. FDI becomes the optimal entry mode with increasing uncertainty. Additionally, the model is extended by implementing exchange rate uncertainty in a period of appreciation.",
keywords = "Export, FDI, Uncertainty, Real option approach",
author = "Erdal Yalcin",
year = "2008",
language = "English",
isbn = "9788778822871",
publisher = "Aarhus School of Business, Aarhus University, Department of Economics",
address = "Denmark",
type = "WorkingPaper",
institution = "Aarhus School of Business, Aarhus University, Department of Economics",

}

RIS

TY - UNPB

T1 - The Proximity-Concentration Trade-Off under Goods Price and Exchange Rate Uncertainty

AU - Yalcin, Erdal

PY - 2008

Y1 - 2008

N2 - The underlying model combines the proximity-concentration trade-o? framework with the real option approach. In contrast to the latest trade models, uncertainty is introduced as a continuous phenomenon. Furthermore, the model contains the innovation of comparing two option values simultaneously. The implementation of goods price uncertainty turns out to reduce the probability of entering a new market as an exporter. FDI becomes the optimal entry mode with increasing uncertainty. Additionally, the model is extended by implementing exchange rate uncertainty in a period of appreciation.

AB - The underlying model combines the proximity-concentration trade-o? framework with the real option approach. In contrast to the latest trade models, uncertainty is introduced as a continuous phenomenon. Furthermore, the model contains the innovation of comparing two option values simultaneously. The implementation of goods price uncertainty turns out to reduce the probability of entering a new market as an exporter. FDI becomes the optimal entry mode with increasing uncertainty. Additionally, the model is extended by implementing exchange rate uncertainty in a period of appreciation.

KW - Export

KW - FDI

KW - Uncertainty

KW - Real option approach

M3 - Working paper

SN - 9788778822871

BT - The Proximity-Concentration Trade-Off under Goods Price and Exchange Rate Uncertainty

PB - Aarhus School of Business, Aarhus University, Department of Economics

CY - Aarhus

ER -