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Trade and Location with Horizontal and Vertical Multi-Region Firms

Ekholm, Karolina; Forslid, Rikard - Institutet för Näringslivsforskning (IFN) - 1998

This paper analyses the effect on agglomeration tendencies of allowing firms to become multi-region firms in a standard …-periphery (CP) model developed by Krugman (1991). The introduction of horizontal multi-region firms dampens the strong agglomeration …, agglomeration tendencies are strengthened. Second, actual production tends to be more spread out, and, in this sense, they are …

Persistent link: https://www.econbiz.de/10005645400

Globalization and the Inequality of Nations

Krugman, Paul; Venables, Anthony J. - Institutet för Näringslivsforskning (IFN) - 1995

No abstract.

Persistent link: https://www.econbiz.de/10010611599

Trade and Location with Horizontal and Vertical Multi-Region Firms.

Ekholm, K.; Forslid, R. - Institutet för Näringslivsforskning (IFN) - 1998

Persistent link: https://www.econbiz.de/10005486492

Supply Function Equilibria: Step Functions and Continuous Representations

Holmberg, Pär; Newbery, David; Ralph, Daniel - Institutet för Näringslivsforskning (IFN) - 2009

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction, and the market is cleared at the price of the most expensive offer needed to meet realised demand. Such markets can most elegantly be modelled as the pure-strategy, Nash...

Persistent link: https://www.econbiz.de/10005025457

Supply Function Equilibria of Pay-as-Bid Auctions

Holmberg, Pär - Institutet för Näringslivsforskning (IFN) - 2009

This paper characterizes the Nash equilibrium in a pay-as-bid (discriminatory), divisible-good, procurement auction. Demand by the auctioneer is uncertain as in the supply function equilibrium model. A closed form expression is derived. Existence of an equilibrium is ensured if the hazard rate...

Persistent link: https://www.econbiz.de/10005025460

The Supply Function Equilibrium and Its Policy Implications for Wholesale Electricity Auctions

Holmberg, Pär; Newbery, David - Institutet för Näringslivsforskning (IFN) - 2009

The supply function equilibrium provides a game-theoretic model of strategic bidding in oligopolistic wholesale electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the number of firms in the market and their asymmetry....

Persistent link: https://www.econbiz.de/10008491693

Punctuality - A Cultural Trait as Equilibrium

Basu, Kaushik; Weibull, Jörgen W. - Institutet för Näringslivsforskning (IFN) - 2002

A people's culture, norms and habits are important determinants not just of the quality of social life but of economic progress and growth. In this paper we take the view that while the importance of culture is undeniable, the innateness of culture is not. We work here with a single example and...

Persistent link: https://www.econbiz.de/10005645285

Strategic Investments in the Pulp and Paper Industry: A Count Data Regression Analysis

Bergman, Mats A.; Johansson, Per - Institutet för Näringslivsforskning (IFN) - 2000

This paper analyses the effects of price and market size variables on the investment propensities in the pulp and paper industry. A panel of 15 European countries in the time period 1984 - 1997 is used in the regression analysis. We find the wages, the US/ECU exchange rate, the price of paper...

Persistent link: https://www.econbiz.de/10005207063

Multinational Corporations, Country Characteristics, and Clustering in Foreign Direct Investment

Braunerhjelm, Pontus; Svensson, Roger - Institutet för Näringslivsforskning (IFN) - 1994

No abstract.

Persistent link: https://www.econbiz.de/10010818506

Local Multipliers and Human Capital in the US and Sweden

Moretti, Enrico; Thulin, Per - Institutet för Näringslivsforskning (IFN) - 2012

We show that every time a local economy generates a new job by attracting a new business in the traded sector, a significant number of additional jobs are created in the non-traded sector. This multiplier effect is particularly large for jobs with high levels of human capital and for high tech...

Persistent link: https://www.econbiz.de/10010542071