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We develop a model in which two firms that have proposed to merge are privately informed about merger-specific efficiencies. This enables the firms to influence the merger control procedure by strategically revealing their information to an antitrust authority. Although the information improves...
Persistent link: https://www.econbiz.de/10005067524
The economics literature provides ample evidence that higher corruption discourages FDI inflows. In this paper we address, for the first time in the literature in a systematic way, the exact reverse link, i.e., the empirical effect of FDI inflows on corruption. We present a simple model that...
Persistent link: https://www.econbiz.de/10005504415
We study the impact of import protection on relationship-specific investments, organizational choice and welfare. We show that a tariff on intermediate inputs can improve social welfare through mitigating hold-up problems. It does so if it discriminates in favor of the investing parties, which...
Persistent link: https://www.econbiz.de/10008680752
Using a new data set of the telecommunications sector on privatization (1981-98 for 167 countries) and competition policies (1990-98 for roughly 50 countries), this Paper investigates the political economy determinants of privatization and liberalization in the telecommunications sector....
Persistent link: https://www.econbiz.de/10005504478
Endorsements are a simple language for communication between well-informed interest-group leaders and less-informed interest-group members. The members, who share some policy concerns, may not fully understand where their interests lie on certain issues. If their leaders cannot fully explain the...
Persistent link: https://www.econbiz.de/10005662385
pecuniary benefits: higher prices lead to more integration. Because tariffs increase domestic product prices, this effect … the predictions of our model, we obtain three main results. First, higher tariffs lead to higher levels of vertical …
Persistent link: https://www.econbiz.de/10008550323
The Byrd amendment to US anti-dumping law distributes the revenue from anti-dumping duties imposed on foreign firms to the domestic firms that lodged the complaint of dumping. This Paper shows that the presence of the Byrd Amendment can yield lower duties and greater welfare than in its absence....
Persistent link: https://www.econbiz.de/10005136749
protectionist policies in countries where workers will benefit from the imposition of tariffs and quotas. We test and confirm these …
Persistent link: https://www.econbiz.de/10005497836
. The effects of differences in technology and endowments on the pattern of trade and welfare are examined. Import tariffs …
Persistent link: https://www.econbiz.de/10005497889
.The paper shows that a carbon tax should not be differentiated across sectors in the economy, provided import and export tariffs … cooperating countries if they are prevented from using tariffs on the traded goods. Informational or political factors … constraining the use of tariffs are also likely to constrain the possibility of differentiating carbon taxes between sectors …
Persistent link: https://www.econbiz.de/10005498029