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A Spatial Perspective on European Integration : Heterogeneous Welfare and Migration Effects from the Single Market and the Brexit
Henkel, Marcel - 2017
We use a quantitative model to study the implications of European integration for welfare and migration flows across 1,318 regions. The model suggests that an increase of trade barriers to the level of 1957 reduces welfare by about 1-2 percent on average, depending on the presumed trade...
Persistent link: https://www.econbiz.de/10012963382
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International Trade and Monopolistic Competition Without CES : Estimating Translog Gravity
Novy, Dennis - 2010
equations, trade is more sensitive to trade costs if the exporting country only provides a small share of the destination … country's imports. As a result, trade costs have a heterogeneous impact across country pairs, with some trade flows predicted …
Persistent link: https://www.econbiz.de/10013144787
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Manufacturers and Retailers in the Global Economy
Raff, Horst - 2011
We develop a general-equilibrium model to capture key features of the retailing and of the manufacturing industry in order to understand how these two industries interact and how labor is allocated between them. We show that the observed shift in employment from manufacturing to retailing, the...
Persistent link: https://www.econbiz.de/10013122636
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Union Wage Setting and International Trade
Egger, Hartmut - 2012
This paper sets up a general oligopolistic equilibrium model with two countries that differ in the centralization of union wage setting. Being interested in the consequences of openness, we show that, in the short-run, trade increases welfare and employment in both locations, and it raises...
Persistent link: https://www.econbiz.de/10013100837
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Cross-Border and Foreign Affiliate Sales of Services : Evidence from German Micro-Data
Kelle, Markus - 2012
We merge German balance-of-payments and foreign-affiliate-trade statistics to obtain data about trade in commercial services at the firm level. We use these data to study export market participation and the choice of export mode: cross-border versus foreign affiliate sales. We find that for...
Persistent link: https://www.econbiz.de/10013106910
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Location of Foreign Direct Investment in Vertically Related Markets
Milliou, Chrysovalantou - 2013
We provide an alternative explanation for the commonly observed FDI in developed countries (DCs) considering a vertically related market structure and endogenizing vertical technology transfer (VTT). We show that even though VTT is more costly in a less developed country (LDC), a multinational...
Persistent link: https://www.econbiz.de/10013086408
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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 … strategically linked via the incentive compatibility constraint. Importantly, trade costs affect cartel shipments and welfare not … costs exert a negative and significant effect on cartel discipline. In turn, cartel discipline has a negative and …
Persistent link: https://www.econbiz.de/10012926563
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Buyer Power in International Markets
Raff, Horst - 2009
This paper investigates the implications for international markets of the existence of retailers/wholesalers with market power. Two main results are shown. First, in the presence of buyer power trade liberalization may lead to retail market concentration. Due to this concentration retail prices...
Persistent link: https://www.econbiz.de/10013156874
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Unlocking the Value of Cross-Border Mergers and Acquisitions
Brakman, Steven - 2008
understanding FDI. However, given the stylized fact that trade barriers (e.g. transportation costs and financial barriers) have …
Persistent link: https://www.econbiz.de/10012772002
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Vertical Foreign Direct Investment : Make, Sell and (Not) Buy
Milliou, Chrysovalantou - 2016
According to conventional wisdom, multinational firms undertake vertical FDI in order to take advantage of cross-border factor cost differences and source the inputs from abroad at better terms. Recent empirical findings though document that this is not always the case. We provide theoretical...
Persistent link: https://www.econbiz.de/10012977204