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Incorporating Theory-Consistent Endogenous Markups into Applied General-Equilibrium Models
Markusen, James R. - 2023
-level productivity and scale effects. I show here that the incorporation of theory-based endogenous markups into AGE models is not …
Persistent link: https://www.econbiz.de/10014357511
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Entrepôt : Hubs, Scale, and Trade Costs
Ganapati, Sharat - 2020
Entrepôts are hubs that facilitate trade between various origins and destinations. We study the role these hubs, and the networks they form, play in international trade. Using novel data, we trace the paths of containerized goods entering the United States. We show that the majority of trade is...
Persistent link: https://www.econbiz.de/10012837477
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Does Coordination among Assessing Units Generate Returns to Scale? Evidence from New York State
Kim, Yusun - 2019
This paper explores (dis-)economies of scale in property value assessment via cooperative agreements among small tax assessing jurisdictions without consolidation. New York State incentivizes small neighboring towns to unify their assessment function while maintaining respective tax authority;...
Persistent link: https://www.econbiz.de/10012859604
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An Equilibrium Theory of Nominal Exchange Rates
Hagedorn, Marcus - 2021
This paper proposes an equilibrium theory of nominal exchange rates, which offers a new perspective on various issues … features of this theory are that the nominal exchange rate is determined in international financial markets, that the risk … from the nominal exchange rate. In terms of policy, this novel theory implies that a country with an exchange rate peg and …
Persistent link: https://www.econbiz.de/10013212261
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Growth, development, and technological change
Grossmann, Volker; Steger, Thomas M. - 2007
The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of …
Persistent link: https://www.econbiz.de/10010264065
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Entrepreneurial innovation and sustained long-run growth without weak or strong scale effects
Grossmann, Volker - 2008
R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth …
Persistent link: https://www.econbiz.de/10010264334
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Managerial versus production wages: Offshoring, country size and endowments
Benz, Sebastian; Kohler, Wilhelm - 2010
In this paper, we explore the role of trade in differentiated final goods as well offshoring of tasks for inequality both within and between countries. We emphasize the distinction between managerial and production labor. Production labor is assumed to be a variable input composed of tradable...
Persistent link: https://www.econbiz.de/10010275053
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Incorporating Theory-Consistent Endogenous Markups into Applied General-Equilibrium Models
Markusen, James R. - 2023
-level productivity and scale effects. I show here that the incorporation of theory-based endogenous markups into AGE models is not …
Persistent link: https://www.econbiz.de/10014290300
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Journey into the unknown? Economic consequences of factor market integration under increasing returns to scale
Schäfer, Andreas; Steger, Thomas - 2011
What are the dynamic consequences of comprehensive integration shocks? The answer to this question appears all but trivial. We set up a dynamic macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the aggregate level....
Persistent link: https://www.econbiz.de/10010280639
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The economics of political borders
Spolaore, Enrico - 2012
This paper presents concepts from economic analysis that shed light on the formation and breakup of sovereign states. First, we discuss the key trade-off between economies of scale in the provision of public goods and political costs from heterogeneity of preferences. Second, we present four...
Persistent link: https://www.econbiz.de/10010283614