Showing 1 - 10 of 12
Corporate self-regulation is a crucial non-market strategy, and has generally been understood as a response to regulatory threats. However, self-regulation can also influence the nature of regulatory threats, especially when firms have private information about their costs of abatement. We study...
Persistent link: https://www.econbiz.de/10011096390
This paper attempts to establish the value of good relationships between countries by considering their effect on a group of individuals who are arguably intimately affected by them: immigrants. We appeal to an index of conflict/cooperation which is calculated as an annual weighted sum of news...
Persistent link: https://www.econbiz.de/10010738906
Using data collected by the International Institute of Agriculture, we document the disintegration of international … commodity markets between 1913 and 1938. There was dramatic disintegration during World War I, gradual reintegration during the … 1920s, and then a very substantial disintegration after 1929. The period saw the unravelling of a great many of the …
Persistent link: https://www.econbiz.de/10005666542
The aim of this paper is to reconsider the link between integration and disintegration. We argue that the conception of … disintegration must be differentiated by the tools they give to the firm to effectively govern productive assets. …
Persistent link: https://www.econbiz.de/10011026169
The gravity model of trade is utilized to assess the impact of disintegration on trade. The analysis is based on three … recent disintegration episodes involving the former Soviet Union, Yugoslavia and Czechoslovakia. The results point to a very … strong home bias around the time of disintegration, with intra-union trade exceeding normal trade approximately 43 times in …
Persistent link: https://www.econbiz.de/10005498102
I formulate a political-economy model of a fiscal union where the threat of secession imposes a limit on fiscal redistribution between regions. I argue that the trade-off between implementing the region’s preferred fiscal policy and benefiting from inter-regional risk sharing depends on the...
Persistent link: https://www.econbiz.de/10010681224
The aim of this paper is to reconsider the link between vertical integration and disintegration which are traditionally … opposed in the literature. The conception of integration and disintegration closely depends on the way we define the firm and … of the firm involves a redefinition of the link between integration and disintegration. We advance that it can not be …
Persistent link: https://www.econbiz.de/10008791165
I present a political economy model of limits to regional redistribution under the threat of secession. The model depicts a union composed of two regions with centralized fiscal policy. The key feature is the trade off between the benefits of secession embodied by autonomous fiscal policy, and...
Persistent link: https://www.econbiz.de/10005661603
We study the effects of trade barriers and the persistence of past linkages on trade flows in the former Soviet Union (FSU). Estimating a gravity equation on 1987-1996 trade among and between nine Russian regions and fourteen FSU republics, we find that Russian regions traded 60 percent more...
Persistent link: https://www.econbiz.de/10005661817
We extend “economic equivalence” results, like the Ricardian equivalence proposition, to the political sphere where … environments with distorting taxes, economic equivalence relations between policies with different levels of debt do not extend to …
Persistent link: https://www.econbiz.de/10009645636