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This note describes a worked-out example of the Dixit-Stiglitz model of product differentiation, generalized in two directions; career choice is endogenous and firms can produce many products
Persistent link: https://www.econbiz.de/10005561479
We provide some existence results of stable pricings for natural monopoly as defined in the theory of contestable … from cooperative game theory. Following the work of Bendali et al. (Revista de Matematicas Aplicadas, 2000), we make full …
Persistent link: https://www.econbiz.de/10005125630
The Second Generation Theory (SGT) of fiscal federalism, which draws upon contemporary economic and industrial … organization theory, hitherto focuses only on the negative benefits of public decentralization: the potentially superior ability to … decentralization (mistake-ridden learning, flexibility, and option discovery), although the limitations of organization theory do not …
Persistent link: https://www.econbiz.de/10005125960
laboratoire et quels sont les principes de l’expérimentation, l’article discute des différences les plus couramment admises entre … expérimentation en économie et en psychologie (incitation financière et utilisation de la tromperie), avant d’introduire ce qui nous …
Persistent link: https://www.econbiz.de/10005126094
protected import-competing sector. However, if the export sector too uses the intermediary the economy may experience an …
Persistent link: https://www.econbiz.de/10005062645
Export Processing Zones are geographical enclaves that have legally been excepted from the country´s normal customs …
Persistent link: https://www.econbiz.de/10005408021
This paper examines the welfare implications of trade reforms in the presence of a government budget constraint. There is consensus about gains from opening up to trade. The less investigated question is, whether a coordinated tax reform, where the tariff revenue cuts are compensated with...
Persistent link: https://www.econbiz.de/10005556490
Economic theory suggests that liberalization of trade between countries with differing levels of environmental … referred to as the “pollution haven” hypothesis, is much discussed in theory, but finds only ambiguous support in empirical …
Persistent link: https://www.econbiz.de/10005556494
Outsourcing grew rapidly during the 1990s and has now become an accepted dimension of corporate strategy. While outsourcing continues to grow in importance, the nature and focus of outsourcing is evolving. Historically, most outsourcing took place in manufacturing industries, but it is now...
Persistent link: https://www.econbiz.de/10005556502
We calculate welfare gains of trade liberalization in the Central and East European transition economies, following the approach of Romer (1994), who emphasized that proper modeling of the impact of trade restrictions on the number of available product varieties is crucial to quantifying the...
Persistent link: https://www.econbiz.de/10005561124