Showing 1 - 10 of 92
We consider the interaction between an incumbent firm and a potential entrant, and examine how this interaction is affected by demand fluctuations. Our model gives rise to procyclical entry, prices, and price-cost margins, although the average price in the market can be countercyclical if the...
Persistent link: https://www.econbiz.de/10013051284
The proposed Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States of … America would be the largest preferential trade agreement in the world. Encompassing almost half of world GDP, it will have … strong economic effects on Germany. In this paper, we put this trade policy initiative in its broader perspective. We argue …
Persistent link: https://www.econbiz.de/10013030304
international trade, self-enforcing - or stable - IEAs may comprise up to 60% of all countries (Eichner and Pethig 2013). But these … coalitions are Stackelberg leaders and set tariffs in addition to their cap-and-trade schemes. Surprisingly, these smaller IEAs …
Persistent link: https://www.econbiz.de/10010877766
We study the effect of international trade and freeness of trade (openness) on interregional inequality within … on weighted trade shares and trade costs. In addition to the standard trade-to-GDP ratio, we derive and propose an … aggregate freeness-of-trade measure based on phiness of trade. Both measures are instrumented by proxies constructed from …
Persistent link: https://www.econbiz.de/10010877821
It is widely believed that globalization affects the extent of employment and wage responses to economic shocks. To provide evidence for this, we analyze the effect of firms’ exporting behavior on the elasticity of labor demand. Using rich, German administrative linked employer-employee panel...
Persistent link: https://www.econbiz.de/10010877822
We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard … trade liberalization. While the former leads to more dispersion of economic activity across space, the latter tends to drive …
Persistent link: https://www.econbiz.de/10010877832
on the volume of intermediate goods trade and the number of varieties produced are mutually reinforcing, resulting in a …
Persistent link: https://www.econbiz.de/10010948859
regional inequality. Geography, mobility and trade openness are also highly important. …
Persistent link: https://www.econbiz.de/10011272626
negative, but they are also influenced most by the global financial crisis. Finally, we find a significant link between trade …
Persistent link: https://www.econbiz.de/10005013072
This paper investigates the welfare costs of unilateral versus internationally coordinated emission permit policies in a two-country overlapping generations model with producer carbon emissions. We show that, for a net foreign debtor country, the domestic welfare costs of a unilateral domestic...
Persistent link: https://www.econbiz.de/10005013953