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Strategic Trade, Competitive Industries and Agricultural Trade Disputes

Bagwell, Kyle - 2000

The primary predictions of strategic-trade theory are not restricted to imperfectly-competitive markets. Indeed, these predictions emerge in a natural three-country extension of the traditional theory of trade policy in competitive markets, once the theory is augmented to allow for...

Persistent link: https://www.econbiz.de/10012470921

Foreign Direct Investments in Services and the Domestic Market for Expertise

Markusen, James R. - 2000

Producer services such as managerial and engineering consulting can provide domestic firms with the substantial benefits of specialized knowledge that would be costly in terms of both time and money for domestic firms to develop on their own. These intermediate services are often non-traded, or...

Persistent link: https://www.econbiz.de/10012471061

Discriminating Among Alternative Theories of the Multinational Enterprise

Markusen, James R. - 1999

Recent theoretical developments have incorporated endogenous multinational firms into the general-equilibrium model of trade. One simple taxonomy separates the theory into vertical' models in which firms geographically separate activities by stages of production and horizontal' models of...

Persistent link: https://www.econbiz.de/10012471623

Is Everything Neutral?

Bernheim, B. Douglas - 1986

In his well-known analysis of the national debt, Robert Barro introduced the notion of a "dynastic family." This notion has since become a standard research tool, particularly in the areas of public finance and macroeconomics. In this paper, we critique the assumptions upon which the dynastic...

Persistent link: https://www.econbiz.de/10012476983

The Structure of Multinational Firms' International Activities

Davies, Ronald B. - 2020

The structure of a multinational firm, that is how its affiliates relate to one another, is critical for understanding where multinationals locate, how policy affects them, and their resilience to localized shocks. Here, we review the two main structures: horizontal investments which replicate...

Persistent link: https://www.econbiz.de/10012479350

Expansion of Trade at the Extensive Margin : A General Gains-from-Trade Result and Illustrative Examples

Markusen, James R. - 2010

The basic gains-from-trade theorem makes a stark comparison between completely free trade and complete autarky. This paper is motivated by recent evidence that trade has greatly expanded on the extensive margin (aka fragmentation, offshoring) by adding newly traded goods and services and that...

Persistent link: https://www.econbiz.de/10012462725

Endogenous Market Structure and Foreign Market Entry

Markusen, James R. - 2009

Models dealing with cross-border acquisitions versus greenfield investment usually assume that the entry of a foreign … firm into a market has effects on the outputs of all domestic firms in that market, but exit or entry of local firms is not … versus free entry assumptions for local firms. Our finding is that greenfield entry and exporting options are more attractive …

Persistent link: https://www.econbiz.de/10012463119

Delocation and Trade Agreements in Imperfectly Competitive Markets

Bagwell, Kyle - 2009

We consider the purpose and design of trade agreements in imperfectly competitive environments featuring firm-delocation effects. In both the segmented-market Cournot and the integrated-market monopolistic competition settings where these effects have been identified, we show that the only...

Persistent link: https://www.econbiz.de/10012463205

International Welfare and Employment Linkages Arising from Minimum Wages

Egger, Hartmut - 2009

We formulate a two-country model with monopolistic competition and heterogeneous firms to reconsider labor market linkages in open economies. Labor-market imperfections arise by virtue of country-specific real minimum wages. Two principal experiments are considered. First, we show that trade...

Persistent link: https://www.econbiz.de/10012463453

Self-Enforcing Trade Agreements and Private Information

Bagwell, Kyle - 2009

This paper considers self-enforcing trade agreements among privately informed governments. A trade agreement that uses weak bindings (i.e., maximal tariff levels) is shown to offer advantages relative to a trade agreement that uses strong bindings (i.e., precise tariff levels). Consistent with...

Persistent link: https://www.econbiz.de/10012463835