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Minimum Quality Standards and Equilibrium Selection with Asymmetric Firms

Bonroy, Olivier; Constantatos, Christos - EconWPA - 2005

In a vertically differentiated market with cost asymmetries, the risk dominance criterion selects the equilibrium where the high quality is produced by the efficient firm. We show that a sufficiently high Minimum Quality Standard reverses equilibrium selection. Hence, MQS may be used in order to...

Persistent link: https://www.econbiz.de/10005134542

The Modern World: The effect of democracy, colonialism and war on economic growth 1820-2000

Milanovic, Branko - EconWPA - 2005

The paper uses the recently available data on growth rates, democracy, protectionism, and wars over the period 1820 to … the effect of democracy on growth, was colonialism economically bad for colonies, does protectionism affect growth …

Persistent link: https://www.econbiz.de/10005062416

Gewährleisten umgesetzte WTO-Streitschlichtungsurteile offene Märkte? Eine Betrachtung am Beispiel des Zeitschriftenfalles

Zimmermann, Thomas A. - EconWPA - 2005

Theoretical analyses of the WTO dispute settlement mechanism suggest that the system contains only weak incentives for the implementation of rulings. Against this background, it is puzzling that the specific WTO procedure which deals with allegedly insufficient implementation is used only in...

Persistent link: https://www.econbiz.de/10005408038

International Institutions and Market Expectations: Stock Price Responses to the WTO Ruling on the 2002 U.S. Steel Tariffs.

Jensen, Nathan M - EconWPA - 2005

Thanks to Nitsan Chorev, Robert Connolly, David Leblang, Quan Li, Andy Mertha, Layna Mosley, Bumba Mukherjee, Eric Reinhardt, Peter Rosendorff, Matthew Slaughter, Andy Sobel, participants of the 2004 Midwest Political Science Association annual meeting and the 2004 Duke Summer Institute on...

Persistent link: https://www.econbiz.de/10005556492

Why is there an Anti-trade Bias in Trade Policy?

Limão, Nuno; Panagariya, Arvind - EconWPA - 2003

Small economies rarely embrace free trade, a fact that is commonly explained as a consequence of the government's use of trade policy to redistribute income. But why is this redistribution typically biased in favor of import-competing sectors and is consequently trade restricting rather than...

Persistent link: https://www.econbiz.de/10005119340

Policy Reform in Networks Infrastructure: The Case of Mexico

Tovar-Landa, Ramiro - EconWPA - 1997

This paper addresses the recent Mexico experience in the opening to competition in networks infrastructure mainly in …

Persistent link: https://www.econbiz.de/10005076639

Un Análisis de cointegración con corrección de errores de las Fugas de Capital y la Inestabilidad Política en México , An econometric model of capital flight in Mexico

Diaz-Bautista, Alejandro; Andrade, Cesar Alfredo Olivas - EconWPA - 2005

Resumen El presente estudio se centra en analizar los factores que provocan el éxodo de capital en México, entre los … interés entre México y Estados Unidos y el diferencial en las tasas de inflación México-Estados Unidos. De igual forma, se … México. Asimismo, se plantean los modelos más comunes para la estimación de la fuga de capital aplicados a México. Abstract …

Persistent link: https://www.econbiz.de/10005125516

Restaurant Prices and the Mexican Peso

Jr, Thomas M Fullerton; Coronado, Roberto - EconWPA - 2004

Mexican peso. Sample data are from El Paso, Texas and Ciudad Juarez, Mexico. A battery of statistical tests indicate that the …

Persistent link: https://www.econbiz.de/10005125523

Short-Run Price Dynamics in Mexico

Jr, Thomas M Fullerton; Tinajero, Roberto - EconWPA - 2004

A theoretical model of inflationary dynamics is developed for Mexico. Estimation is carried out using ARIMA transfer … model satisfy standard statistical criteria. Results indicate that prices in Mexico respond relatively quickly to money …

Persistent link: https://www.econbiz.de/10005126161

Inflationary Pressure Determinants in Mexico

Jr, Thomas M Fullerton; Calderon, Cuauhtemoc - EconWPA - 2004

A monetary inflation model is augmented to include import prices and wages in a theoretically plausible manner. Empirical analysis is carried out using annual data for the 1970-1997 period. Parameter estimation is completed using a nonlinear ARMAX procedure. In addition to estimating different...

Persistent link: https://www.econbiz.de/10005126245