This paper studies the integration strategies of multinational firms in a multiperiod model under incomplete contracts and uncertainty. I incorporate continuous levels of integration to the study of organizational choice in an existing model of foreign direct investment (Antras and Helpman,...

There is a wide disparity of views on issues of international labor standards. The purpose of this paper is to explore these different views and the available options for addressing the issues involved. We conclude that there is no convincing case for incorporating labor standards into the WTO...

This paper examines the usefulness of a result of Deardorff and Staiger (1988), who showed that the factor content of trade can be interpreted under certain assumptions as indicating the nature of the factor price adjustments that can, in a specified sense, be attributed to that trade. This...

This paper is the text of a lecture given on November 20, 1997 to inaugurate the John W. Sweetland Chair in International Economics, in the Department of Economics of the University of Michigan. Its message is that international trade theory, and in particular the theory of comparative...

This paper is about jobs and international trade. It is about researchers can learn fo relationship between the two using firm-level data.

A test of the Heckscher-Ohlin-Vanek [HOV] hypothesis for the cases when factor price equalization does not hold is developed. For all the possible country pairs of the BLS (1987) and Trefler (1995) data set, I test whether trade reveals the relative factor abundance of one country compared to...

This paper explores the rule system of the World Trade Organization (WTO) as reflected mainly in the new and innovative WTO dispute settlement procedures. It begins with a retrospective look at the history of GATT on this subject. The goal of the rest of the paper is then not just to describe...

To date, virtually all the equity market literature analyzing the consequences of trade policy changes has assessed only the impact on the home country. Almost no attempt has been made to use equity-market data to assess simultaneously the impact of policy changes on the welfare of trading...