rational learning requires implausible initial information assumptions, therefore some form of bounded rationality has come … show some promise in common macro models. A new selection problem arises since differences in initial information and … learning methods give rise to many different equilibria, making economic modelling sensitive to assumptions on information and …

The purpose of this study is to test for the effects of trade promotion via the foreign service. We develop a Melitz …, which can be reduced by government spending on trade promotion. The model predicts that unilateral trade promotion allows … medium-sized firms to export. We test this prediction using Swedish firm-level data and information on the opening and …

set of new results related to trade volume. It is shown that when the fixed entry cost of exporting declines, for instance …