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The Theory of the Firm Goes Global
Marin, Dalia - CESifo - 2013
of the world economy that can be explained by incorporating the theory of the firm into the theory of international trade …
Persistent link: https://www.econbiz.de/10010877726
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Formal Contracts, Relational Contracts, and the Threat-Point Effect
Itoh, Hideshi; Morita, Hodaka - CESifo - 2011
Can formal contracts help resolving the holdup problem? We address this important question by studying the holdup problem in repeated transactions between a seller and a buyer in which the seller can make relation-specific investments in each period. In contrast to previous findings, we...
Persistent link: https://www.econbiz.de/10009228616
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International Trade, Factor Mobility and the Persistence of Cultural-Institutional Diversity
Belloc, Marianna; Bowles, Samuel - CESifo - 2009
Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of...
Persistent link: https://www.econbiz.de/10005013942
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Tariff Liberalization and Trade Integration of Emerging Countries
Disdier, Anne-Célia; Fontagné, Lionel Gérard; … - CESifo - 2013
We investigate how tariff liberalization has affected exporting in emerging countries. We use a highly disaggregated bilateral measure of market access to compare tariffs applied in 1996 and 2006, which includes the timing of the Uruguay Round and episodes of bilateral liberalization. Our...
Persistent link: https://www.econbiz.de/10010877681
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Free Trade Agreements and the Consolidation of Democracy
Liu, Xuepeng; Ornelas, Emanuel - CESifo - 2013
We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy. Our model shows that FTAs can critically reduce the incentive of authoritarian groups to seek power by destroying protectionist rents, thus making democracies last longer. This...
Persistent link: https://www.econbiz.de/10010877928
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Economic Integation Agreements, Border Effects, and Distance Elasticities in the Gravity Equation
Bergstrand, Jeffrey H.; Larch, Mario; Yotov, Yoto V. - CESifo - 2013
yields economically plausible and statistically significant estimates of the declining effect of “national borders” on world …
Persistent link: https://www.econbiz.de/10010948834
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Reciprocity, World Prices and Welfare
Raimondos-Møller, Pascalis; Woodland, Alan D. - CESifo - 2011
fixed world prices. We show that a change of tariffs satisfying reciprocity does not necessarily imply constant world prices … in a world of many goods and countries. While it is possible to find tariff reforms that are consistent with both … reciprocity and constant world prices, these reforms do not follow from the reciprocity condition, but rather from the requirement …
Persistent link: https://www.econbiz.de/10009324094
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U.S. Multinationals and Preferential Market Access
Blanchard, Emily; Matschke, Xenia - CESifo - 2012
This paper examines the relationship between offshoring activity by U.S. multinational firms and the structure of U.S trade preferences. We combine firm level panel data on U.S. foreign affiliate activity from the U.S. Bureau of Economic Analysis (BEA) with detailed measures of U.S. trade...
Persistent link: https://www.econbiz.de/10010553272
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Which Conflicts can the European Neighbourhood Policy Help Resolve?
Gylfason, Thorvaldur; Wijkman, Per Magnus - CESifo - 2012
Under what conditions can the European Neighbourhood Policy achieve one of its main objectives: to resolve conflicts in the European Union’s neighbourhood? In the spirit of Montesquieu and Monnet, the basic hypothesis of the EU is that closer economic integration encourages governments to take...
Persistent link: https://www.econbiz.de/10010555696
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How Free Trade Can Help Convert the 'Arab Spring' into Permanent Peace and Democracy
Gylfason, Thorvaldur; Martínez-Zarzoso, Inmaculada; … - CESifo - 2012
Since Jean Monnet conceived the Coal and Steel Community, free trade has successfully prevented serious conflicts in Europe between democratically governed States with market economies. After six countries established the European Community, this principle has been extended successfully to its...
Persistent link: https://www.econbiz.de/10010556849