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An n-commodity, n-factor, K-country log-linear model is developed, with identical Cobb-Douglas production coefficients and identical consumer expenditure shares across countries, in which factor endowments are such as to permit positive production of all commodities in all countries, hence...
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Some empirical extrapolations are performed which indicate that if the process of disaggregation were to be carried sufficiently far (to approximately the 17th to 23rd SITC level), virtually all intra-industry trade could be expected to disappear from international trade statistics. It is also...
Persistent link: https://www.econbiz.de/10009742203
In essay one, we examine nonlocalized competition in interest taxation between an arbitrary number of countries. Our focus is on the role of relative number of locked-in investors in asymmetric tax competition. We find that in equilibrium, small countries have advantages in tax competition. In...
Persistent link: https://www.econbiz.de/10009430661
This dissertation examines the Nash equilibrium in giving by private individuals when the gifts are used to produce a pure public good which benefits everyone. A new approach to proving the existence of equilibrium is developed that relaxes the conditions of Bergstrom et al., 1986 by requiring...
Persistent link: https://www.econbiz.de/10009430871
In this paper, the beginnings of a new approach to the theory of aggregation are developed. The basic idea is that aggregation should involve two things: (a) data over which social preferences are defined should be mapped into a smaller-dimensional space, and (b) there should exist an ordering...
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Aggregation may be harmful but cannot always be avoided in the analysis of complex econometric models. It should be carried out intelligently by choosing ein aggregative model optimally for modes of aggregation speeified in advance, i.e. minimizing the bias introduced by aggregation and...
Persistent link: https://www.econbiz.de/10009774714