Showing 1 - 10 of 57
A main component of customs unions is a common trade policy on imports from non-member countries. Trade policy covers both tariff and non-tariff barriers like trade procedures. We argue that since trade procedures vary markedly across EU countries, the EU is not, strictly speaking, a customs...
Persistent link: https://www.econbiz.de/10008548991
We develop a model of vertical pricing in which an original manufacturer sets wholesale prices in two markets that are … integrated at the distributor level by parallel imports (PI). The manufacturing firm needs to set these two prices to balance … both wholesale and retail prices could diverge as a result of declining trading costs, even as the volume of PI increases …
Persistent link: https://www.econbiz.de/10005207061
What explains the world-wide trend of pro-entrepreneurial policies in the last few decades? We study entrepreneurial policy in a lobbying model taking into account the con.ict of interest between entrepreneurs and incumbents. It is shown that international market integration leads to more...
Persistent link: https://www.econbiz.de/10004963484
We develop a model of vertical pricing in which an original manufacturer sets wholesale prices in two markets … wholesale prices across locations it would push retail prices toward convergence as transportation costs fall. However, these … retail prices could be higher than those induced without restrictions on prices charged to distributors. Thus, the …
Persistent link: https://www.econbiz.de/10005645294
The competitive effect of international market integration in industries with imperfect competition is of great policy interest. This paper focuses on the link between monopolization and market segmentation. It presents a model of multi-market entry deterrence with or without market commitments....
Persistent link: https://www.econbiz.de/10005645352
policies which reduce (increase) electricity prices. A narrow pursuit of domestic objectives distorts transmission investment …
Persistent link: https://www.econbiz.de/10010684439
Tolerance – respecting those who are different – is arguably of particular importance in an era of globalization, where a potential for economic, social and personal development is increasingly a function of interaction with others different from oneself. We investigate whether globalization...
Persistent link: https://www.econbiz.de/10010818367
In medieval Europe, old coins were frequently declared invalid and exchanged for new ones at fixed rates and dates. Here, the question of whether and when such re-coinage was applied in medieval Sweden is analyzed against the historical record. A theory of how short-lived coinage systems work is...
Persistent link: https://www.econbiz.de/10010945003
Re-coinage implies that old coins are declared invalid and exchanged for new ones at fixed exchange rates and dates. Empirical evidence shows that re-coinage could occur as often as twice a year within a currency area in the Middle Ages. The exchange fee at re-coinage worked as a monetary tax...
Persistent link: https://www.econbiz.de/10010611593
This paper takes a step towards formalizing the theoretical interconnections among four post-Indutrial Revolution phenomena - the industrialization and growth take-off of rich 'northern' nations, massive global income divergence, and rapid trade expansion. Specifically, we present a...
Persistent link: https://www.econbiz.de/10005639328