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Reform, Uncertainty and Spillovers - A Gravity Model Approach

Fidrmuc, Jan - 2012

Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of similar countries. We motivate this hypothesis with a simple...

Persistent link: https://www.econbiz.de/10013109753

Multi-Pollutant Point-Nonpoint Trading with Participation Decisions : The Role of Transaction Costs

Reeling, Carson - 2018

efficiency gains. Point sources generate a single pollutant, while nonpoint sources generate multiple, complementary pollutants … attraction around the full-participation equilibrium, and thus may improve pollution trading efficiency relative to distinct …

Persistent link: https://www.econbiz.de/10012911045

FDI, Trade Costs and Regional Asymmetries

Darby, Julia - 2013

We set up a trade model where three countries compete for an exogenous number of firms. Our innovation lies in the geography of the model. Of the three countries, one is the hub through which all trade takes place. First, we establish the natural geography of the region, which is given by the...

Persistent link: https://www.econbiz.de/10013072512

Multimarket Linkages, Cartel Discipline and Trade Costs

Agnosteva, Delina - 2018

We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are strategically linked via the incentive compatibility constraint....

Persistent link: https://www.econbiz.de/10012926563

Trade Cost Reduction and Foreign Direct Investment in a Vertical Structure

Haque, M. Emranul - 2017

Although empirical evidence shows that a lower trade cost and higher FDI may go hand in hand, the well-known “proximity-concentration” hypothesis does not support this view. We provide a simple explanation for this phenomenon. We show that a lower trade cost on the intermediate goods (with...

Persistent link: https://www.econbiz.de/10012943399

Product and Labor Market Deregulation in Unionized Oligopoly with Asymmetric Countries

Egger, Hartmut - 2011

setting, we study the trade and welfare implications of labor market deregulation and compare these implications with the … consequences of product market deregulation. Thereby, we take into account that labor market reforms are subject to national policy … decisions and thus associated with unilateral intervention, while product market deregulation is determined at an international …

Persistent link: https://www.econbiz.de/10013119394

Do Cost-Sharing and Entry Deregulation Curb Pharmaceutical Innovation?

Grossmann, Volker - 2011

deregulation may lead to quality-improvements of pharmaceuticals, despite reducing price-setting power of pharmaceutical companies …

Persistent link: https://www.econbiz.de/10013125326

Preferences, Rent Destruction and Multilateral Liberalisation : The Building Block Effect of CUSFTA

Ketterer, Tobias - 2012

If a free trade agreement (FTA) is characterized by the exchange of market access with a large and competitive trading partner, the agreement can cause a leakage of protectionist benefits to domestic industry from lobbying against external tariff cuts. This rent destruction effect of an FTA can...

Persistent link: https://www.econbiz.de/10013098332

An Allegory of the Political Influence of the Top 1%

De Donder, Philippe; Roemer, John E. - 2021

more concentrated among the top productivity individuals, their increased lobbying effort generates efficiency as well as …

Persistent link: https://www.econbiz.de/10013315687

Barriers to Entry, Deregulation and Workplace Training : A Theoretical Model with Evidence from Europe

Bassanini, Andrea; Brunello, Giorgio - 2021

contrasting effects of deregulation on training. With a given number of firms, deregulation reduces the size of rents per unit of … deregulation increases training incidence …

Persistent link: https://www.econbiz.de/10013316253