See Birmingham Discussion Paper 05-05R (January 2006) for current version.

In a small open economy with heterogeneous firms, in which tariffs determine the mass of active firms, the gains from trade liberalization depend positively on the level of firm vertical heterogeneity and negatively on transportation costs. The benefits from temporary protection depend on the...

In a small open economy with heterogeneous firms, in which tariffs determine the mass of active firms, free trade optimality depends positively on the level of firm heterogeneity and negatively on transportation costs. The benefits from temporary protection depend on the level of backwardness:...

It is known that, in one-good pillage games, stable sets are finite. For m goods, it has been conjectured that the stable sets have measure zero. We introduce a class of sets, termed pseudo-indifference sets, which includes level sets of utility functions, quasi-indifference classes associated...

This paper focuses on some of the practical issues involved in developing coluntary domestic markets for government debt.

We endogenise the objective of a monopoly firm in a general equilibrium context. Within this framework a distributional conflict occurs between shareholders, depending on their endowments. Following a political-economy approach and using voting theory, the production plan of the firm is...