and expanding private sector that sells imported products. Trade among former Comecon countries remains difficult in spite … of the recent free trade agreement between Visegrád countries. The Czech Republic and Poland currently have a more … contribution of the new, private firms in the Czech Republic to find that production and employment in the clothing industry …

and production decisions. We show how this methodology can be used to determine an optimal sequence of price …. We compare and contrast the high-low model with the conventional microeconomic model of pricing and production. We show … how the firm uses its pricing and production decisions to partition the uncertainty interval it faces and thereby …

This paper examines the importance of buyer-supplier relationships, geography and the structure of the production … firm's marginal production costs. We test the theory by exploiting the opening of a high-speed (Shinkansen) train line in …

) bilateral trade openness reduces bilateral cultural distance; (ii) the more differentiated the products, the more trade reduces … cultural distance; (iii) trade openness has a lock-in effect on culture. Third, we test the model using an instrumental … bilateral trade openness translates into a 43% standard deviation decrease in bilateral cultural distance. …

inefficiency and stresses a need for institutional adjustments. We show that cooperation by water trade and the introduction of … have similar effects. This paper analyzes and compares the relevant welfare gains and shows that production efficiency and … bargaining power. Using a theoretical model, we show that at higher initial production cost differentials, welfare is higher …

the period 1975-2005. In particular, it tests a) whether increases in trade lead to rising inequalities, b) whether these … inequalities recede in time, and c) whether increases in global trade affect the developed and developing worlds differently. Using … static and dynamic panel data analysis, it is found that while increases in trade per se do not lead to greater territorial …

-driven and the decision to serve foreign countries via exports or FDI depends on a proximity-concentration trade-off. We … characterize the joint patterns of trade and FDI when countries differ in income distribution and size and show that FDI is more …

borderline case. Finally, we apply our setting to trade theory and uncover several new properties hindered by the CES, such as …