Showing 1 - 10 of 2,432
Import regulations are globally the most prevalent form of intervention in international trade. The regulations should … social benefit and producer protection. Inefficiency and distributional effects are consistent with producerprotecting trade …
Persistent link: https://www.econbiz.de/10013246466
policy. The setting is that of a small open economy in which incomes depend importantly on trade in dirty goods, where income … interacts with the pollution costs and income benefits of trade in dirty goods to further polarize interests concerning both … environmental stringency and the regulation of trade openness. In this context, we show how the eco-friendliness ranking of …
Persistent link: https://www.econbiz.de/10010274898
We develop a two-country, two-sector model with a continuum of workers to address the link between migration and trade … free trade areas more likely to support full integration than states without free trade? Second, is trade liberalization … more likely to be supported by a simultaneous referendum on trade and migration than in one on trade alone? The key to our …
Persistent link: https://www.econbiz.de/10010283588
Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer - the seller - follows from a nontrivial analysis revealing a clear intuition. Buyer-induced certification acts as an inspection device,...
Persistent link: https://www.econbiz.de/10010274805
averse, food exporters may use trade policy to shield the domestic economy from large price shocks. This creates a … activism. We test this theory with a new dataset that comprises monthly information on trade measures across 125 countries and ….e. the share of international trade covered by export restrictions) are positively correlated with the probability of …
Persistent link: https://www.econbiz.de/10010281861
Economists have emphasized the role of dissipative advertising and price as signals of quality. Most works, however, limit the number of types to two options: high and low quality. Yet, production costs and quality both result from R&D efforts and therefore are both uncertain. I characterize the...
Persistent link: https://www.econbiz.de/10010264368
In a standard adverse selection world, asymmetric information about product quality leads to quality deterioration in the market. Suppose that a higher investment level makes the realization of high quality more likely. Then, if consumers observe the investment (but not the realization of...
Persistent link: https://www.econbiz.de/10010264613
standards, we are particularly interested in how distributional goals in addition to environmental goals shape the choice of …
Persistent link: https://www.econbiz.de/10010270546
We analyze vertical product differentiation in a model where a good's quality is unobservable to buyers before purchase, a continuum of quality levels is technologically feasible, and minimum quality is supplied under competitive conditions. After purchase the true quality of the good is...
Persistent link: https://www.econbiz.de/10010261256
During the last decades, the United States has applied increasingly high trade protection against China. We combine … detailed information on US antidumping (AD) duties — the most widely used trade barrier — with US input-output data to study … the effects of trade protection along supply chains. To deal with endogeneity concerns, we propose a new instrument for AD …
Persistent link: https://www.econbiz.de/10013251244