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The Impact of Foreclosure on Housing Prices

Siebert, Ralph - CESifo - 2015

The aim of the study is to explain if the foreclosure effect on prices is explained by a lower quality of foreclosed houses, which is a crucial aspect in the intelligibility of foreclosures. Based on a novel and comprehensive dataset, we estimate the impact of foreclosure on home prices in...

Persistent link: https://www.econbiz.de/10011163066

Teaching and Learning Alternatives to a Comparative Advantage Motivation for Trade

Self, James K.; Becker, William E. - CESifo - 2015

Introductory economics courses emphasize opportunity cost, comparative advantage and specialization to show the … benefits of trade. We assert that this emphasize leads to erroneous student mindset that trade requires specialization based on … comparative advantage. We test students who have been exposed to the typical textbook and classroom presentation of specialization …

Persistent link: https://www.econbiz.de/10011198484

The Division of Labor and the Market for Organizations

Lindbeck, Assar; Snower, Dennis - CESifo - 2000

rotation. Whereas the existing literature on the division of labor within firms emphasizes the returns from specialization and …

Persistent link: https://www.econbiz.de/10005094166

The Bazaar Effect, Unbundling of Comparative Advantage, and Migration

Kohler, Wilhelm - 2007

Germany exhibits a strong reduction in domestic manufacturing production depth (bazaar effect). I argue that this reflects an unbundling of comparative advantage. Using a model where Ricardian plus Heckscher-Ohlin-type comparative advantage relates to fragments of production, I compare a trading...

Persistent link: https://www.econbiz.de/10012777491

Fiscal Policy and Dutch Disease

Ploeg, Frederick Van der - CESifo - 2011

In this paper we revisit the Dutch disease paying particular attention to the role of specific factors of production and capital stock dynamics. The main insight is that if the natural resource rich windfall is substantial but not large enough for the country to become a rentier, capital goods...

Persistent link: https://www.econbiz.de/10008914280

Coordinating Climate and Trade Policies: Pareto Efficiency and the Role of Border Tax Adjustments

Keen, Michael; Kotsogiannis, Christos - CESifo - 2011

This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether border tax adjustment (BTA) is warranted when carbon prices differ internationally. It shows that tariff policy has a role in easing cross-country distributional...

Persistent link: https://www.econbiz.de/10009147741

Trade, Trust and Institutions

Yu, Shu; Haan, Jakob de; Beugelsdijk, Sjoerd - CESifo - 2011

To investigate the relation between trust and formal institutions, we analyze bilateral trade patterns in a sample of 16 European countries between 1996-2009. Trust in trading partners has a significant positive effect on bilateral trade. However, our results suggest that trust and formal...

Persistent link: https://www.econbiz.de/10009294097

Capacity Constraining Labor Market Frictions in a Global Economy

Holzner, Christian; Larch, Mario - CESifo - 2011

Convex vacancy creation costs shape firms’ responses to trade liberalization. They induce capacity constraints by increasing firms’ cost of production, leading a profit maximizing firm not to fully meet the increased foreign demand. Hence, firms will only serve a few export markets. More...

Persistent link: https://www.econbiz.de/10009320777

Trade and Imperfect Competition in General Equilibrium

Koska, Onur A.; Stähler, Frank - CESifo - 2011

This paper employs a general equilibrium model of imperfect competition and trade in which capital is used to establish firms and labor is used for production. We show that two different types of equilibria may exist, one with factor price equalization and one with different factor prices. When...

Persistent link: https://www.econbiz.de/10009274515

FDI, Trade Integration and the Border Effect: Evidence from the European Union

Román, Valeriano Martínez-San; Bengoa, Marta; … - CESifo - 2014

This paper intends to combine two fields in the economic literature by examining empirically the FDI pattern –horizontal versus vertical– within the European Union and the relevance of trade integration as a potential determinant of investment flows over the period 1995-2009. We capture...

Persistent link: https://www.econbiz.de/10010790167

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