The gravity model of trade is used to assess the economic consequences of new borders, which arose in the wake of break-ups of multinational federations in Eastern Europe. The intensity of trade relations among the constituent parts of Czechoslovakia, Soviet Union and the Baltics was very high...

This study develops a two-step estimator for a panel data Tobit model based on taking first-differences of the equation of interest, under conditional mean independence assumptions.The necessary correction terms are non-standard and a substantial part is therefore devoted to the formal...

High breakdown-point regression estimators protect against large errors and data con- tamination. We generalize the concept of trimming used by many of these robust estima- tors, such as the least trimmed squares and maximum trimmed likelihood, and propose a general trimmed estimator, which...

Motivated by weak small-sample performance of the censored regression quantile estimator proposed by Powell (1986a), two- and three-step estimation methods were introduced for estimation of the censored regression model under conditional quantile restriction. While those stepwise estimators have...

This work tests the predictions of Sutton’s model of independent submarkets for the Italian retail banking industry. In the first part of this paper, I develop a model of endogenous mergers to evidence the relationship between firms’ conduct, market entry and market structure. In the second...

Many estimation methods of truncated and censored regression models such as the maximum likelihood and symmetrically censored least squares (SCLS) are sensitive to outliers and data contamination as we document. Therefore, we propose a semipara- metric general trimmed estimator (GTE) of...

High breakdown-point regression estimators protect against large errors and data con- tamination. Motivated by some { the least trimmed squares and maximum trimmed like- lihood estimators { we propose a general trimmed estimator, which unifies and extends many existing robust procedures. We...

Advocates of antidumping (AD) laws downplay their effects by arguing that the trade flows that are subject to AD are small and their distortions negligible.This paper is the first to counter that notion by quantifying the worldwide effect of AD laws on aggregate trade flows.The recent...

When in 1923 Jacob Viner wrote the book "Dumping: A Problem in International Trade", he probably did not imagine that the system put in place to eliminate the effects of dumping (i.e. antidumping) would surge to be a problem.However, as we celebrate the 100th anniversary of the first antidumping...

Some supporters of antidumping have argued that this procedure serves as a kind of "safety valve" for protectionist pressure.This paper examines whether there is any empirical evidence that the use of antidumping actions has contributed to tariff reductions in a sample of 35 developing and...