International Outsourcing and Factor Prices with Multistage Production
构建了国际碎片化技术的对偶表示,推导出包含碎片化边际内生调整的广义要素价格前沿,并在2×2一般均衡模型中分析外包对最终品价格下降的调整作用及要素价格效应。
We develop a dual representation of the technology of international fragmentation for an industry using 2 factors in a continuum of stages. We then derive a generalised factor price frontier which incorporates an endogenous adjustment of the margin of fragmentation. Using this frontier in a 2 × 2 general equilibrium model, we investigate the role of outsourcing in the adjustment to a decline in the final output price of the multistage industry, and the attendant factor price effects. We also explore the implications of an improved technology of international fragmentation on the margin of fragmentation and on domestic factor prices.