the framework of ‘the new quantitative trade model.’ We complement theory with a simple two-stage estimating procedure …

This paper develops a two-country model of intraindustry trade with trade costs, which can be reduced by public … investment in an international infrastructure capital, the stock of which accumulates over time. Depending on the trade costs and … country is affected by these trade patterns. Taking the relationship between trade costs and national welfare into …

Trade costs are crucial in new economic geography (NEG) models. The unavailability of actual trade costs data requires … the approximation of trade costs. Most NEG studies do not deal with the ramifications of the particular trade costs … specification used. This paper shows that the specification of trade costs matters. Estimations of a NEG wage equation for a sample …

costlessly enforced. The costs of insecurity and the resultant conflict are, however, real and often economically significant. In … this paper, we examine how international trade regimes affect the costs of conflict and, in turn, how the desirability of … international trade is affected by these costs. We consider both domestic and international conflict. Trade openness reduces the …

In classical traffic flow theory, there are two velocities associated with a given level of traffic flow. Following …