Showing 1 - 10 of 42
We show that grandfathering fishing rights to local users or recognizing first possessions is more dynamically efficient than auctions of such rights. It is often argued that auctions allocate rights to the highest-valued users and thereby maximize resource rents. We counter that rents are not...
Persistent link: https://www.econbiz.de/10012462138
We study how the strength of property rights to individual extractive firms affects a regulator's choice over exploitation rates for a natural resource. The regulator is modeled as an intermediary between current and future resource harvesters, rather than between producers and consumers, as in...
Persistent link: https://www.econbiz.de/10012457807
In official international trade statistics, annual commerce between every pair of countries is reported twice: once by the importing country and once by the exporter. These double reports provide an opportunity for audit. In principle, the two reported trade values should differ systematically...
Persistent link: https://www.econbiz.de/10012456086
Japanese and US firms in their markets. The duopoly model is used to determine export prices and volumes in response to the … fluctuation of the growth rate of trade balance is derived. These are the novel features of our model. The export price equation … and export volume equation are estimated for several Asian countries for the sample period of 1981 to 1996. Results are …
Persistent link: https://www.econbiz.de/10012471508
rest of world. Most countries export products that complement the US and substitute China, and a subset operate along … downward-sloping supplies. Heterogeneity in responses, rather than specialization, drives export variation across countries …
Persistent link: https://www.econbiz.de/10012794590
U.S.-owned manufacturing affiliates in foreign countries tended to become more export-oriented between 1966 and 1977 … affiliate activities in almost all cases. The most export-oriented were subsidiaries in machinery industries in Southeast Asia …, however, and high rates of affiliate export growth were associated with rapid growth of host country GDP and exports …
Persistent link: https://www.econbiz.de/10012478068
direct investment by U.S. firms and the export trade of the United States, a subject of bitter controversy for at least the …
Persistent link: https://www.econbiz.de/10012478996
domestic sales and export flows. Spanish manufacturing firms whose domestic sales were reduced by more during the crisis … observed a larger increase in their export flows, even after controlling for firms' supply determinants (such as labor costs …). This negative relationship between demand-driven changes in domestic sales and changes in export flows illustrates the …
Persistent link: https://www.econbiz.de/10012481020
Using new data on currency invoicing for Belgian firms, we analyze how firms make their currency choice, for both exports and imports, and the implications of this choice for exchange rate pass-through into prices and quantities. We derive our estimating equations from a theoretical framework...
Persistent link: https://www.econbiz.de/10012482146
The fact that large manufacturing plants export relatively more than small plants has been at the foundation of much … the effect of distance, distinct from any border effect. Export destinations tend to be further than domestic destinations …
Persistent link: https://www.econbiz.de/10012462606