Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/96907
Authors: 
Békés, Gabor
Fontagné, Lionel Gérard
Murakozy, Balazs
Vicard, Vincent
Year of Publication: 
2014
Series/Report no.: 
CESifo Working Paper 4734
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.
Subjects: 
gravity
transport costs
frequency of trade
inventory model
firms
JEL: 
D40
F12
R40
Document Type: 
Working Paper

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