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. Unilateral decoupling of the EU from China (a doubling of trade costs) would reduce real income in the EU on average by 0 … decline by 1.4 percent (48.4 bn EUR). China would also lose from such a trade war, with real income declining by 1.3 percent …. Should the EU increase its trade barriers against all its non-European trading partners, real income in the Union would fall …
Persistent link: https://www.econbiz.de/10012623966
systematically larger along the pre-Islamic trade routes in the Old World. The theory argues that this particular type of geography … economic performance. It suggests that the unequal distribution of land endowments conferred differential gains from trade …, capital accumulation remained low and wealth inequality bounded. Geography and trade shaped the set of economically relevant …
Persistent link: https://www.econbiz.de/10008729038
Persistent link: https://www.econbiz.de/10008655973
The Trust Game describes a situation where mutually beneficial trade is endangered by opportunistic exploitation. In … competing outcomes should be expected, i.e. whether or not banks can indeed promote trade. …
Persistent link: https://www.econbiz.de/10009578562
Persistent link: https://www.econbiz.de/10011305118
In a duopoly market, aspiration levels express how much sellers want to earn given their expectations about the other's behavior. We augment the sellers' decision task by eliciting their profit aspiration. In a first experimental phase, whenever satisficing is not possible, sales choices, point...
Persistent link: https://www.econbiz.de/10009734685
Persistent link: https://www.econbiz.de/10010423049
This study explores the interaction between trade and geography in shaping the Islamic economic doctrine. We build a … model where an unequal distribution of land quality in presence of trade opportunities conferred differential gains from … trade across regions, fostering predatory behavior by groups residing in the poorly endowed territories. We show that in …
Persistent link: https://www.econbiz.de/10013016651
This study explores the interaction between trade and geography in shaping the Islamic economic doctrine and in turn … presence of trade opportunities conferred differential gains from trade across regions, fostering predatory behavior from the … redistribution featuring direct income transfers in return for safe passage to conduct trade. A commitment problem, however, rendered …
Persistent link: https://www.econbiz.de/10013027218
This study explores the interaction between trade and geography in shaping the Islamic economic doctrine and in turn … presence of trade opportunities conferred differential gains from trade across regions, fostering predatory behavior from the … redistribution featuring direct income transfers in return for safe passage to conduct trade. A commitment problem, however, rendered …
Persistent link: https://www.econbiz.de/10013045114