We extend the protection for sale framework by modelling non tariff barriers. Explicitly introducing partial rent capturing leads to a testable specification that bridges the gap between the theoretical Grossman and Helpman (1994) model and its empirical implementation, where coverage ratios...

This paper investigates the contractual choice between exclusive dealing and common agency in a simple international oligopoly model where products are sold through intermediaries. We find that when trade barriers are high domestic firms tend to adopt exclusive dealing contracts, whereas trade...

In many countries the provision of the performing arts is assigned to the public sector. Public theaters cover most of their costs by subsidies rather than ticket sale. Moreover, relatively low utilization of capacity suggests that there are large and persistent over-capacities in the market. In...