We study the ever more integrated and ever more unbalanced trade relationships between European countries. To better capture the complexity of economic networks, we propose two global measures that assess the trade integration and the trade imbalances of the European countries. These measures...

In this paper we build a quality-augmented version of an economic geography model where consumers have heterogenous tastes for a set of manufacturing varieties. We discuss a footloose capital model and a footloose entrepreneur model. We show that firms selling the goods with higher values select...

We study the pattern of geographic concentration of industries in EU countries and regions between 1972 and 1995. We find that changes in concentration levels were mainly due to industry mobility rather than historical accidents and past levels of concentration as often argued by the New...

The aim of this paper is firstly to recall the close connection between the Dirichlet process and the Gamma process in very genera] spaces and to show how it can be used to derive interesting properties of the Dirichlet process. Secondly, it is shown that the characterization of the Dirichlet...

In this paper we set up a symmetric two-country model with trade costs and international ownership to study the transfer pricing decisions by two multinationals operating in markets with Cournot competition. We let governments choose both the corporate profit tax rate and the level of...

We investigate the impact of changes in international trade and domestic transport costs on the internal geography of a domestic economy linked to the rest of the World through a hub. We address that issue by developing two three regions model, namely a version of the Footlose Entrepreneur and a...

Governments set numerous norms to protect consumers. Two countries may achieve the same level of protection of their consumers through different specifications. The adaptation costs induced by these differences create barriers to trade. The principle of mutual recognition addresses the problem...