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Journey into the Unknown? Economic Consequences of Factor Market Integration Under Increasing Returns to Scale
Schäfer, Andreas - 2011
What are the dynamic consequences of comprehensive integration shocks? The answer to this question appears all but trivial. We set up a dynamic macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the aggregate level....
Persistent link: https://www.econbiz.de/10013117359
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International Trade in General Oligopolistic Equilibrium
Neary, J. Peter - 2016
This paper presents a new model of oligopoly in general equilibrium and explores its implications for positive and …
Persistent link: https://www.econbiz.de/10013000218
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The Impact of Trade on Employment, Welfare, and Income Distribution in Unionized General Oligopolistic Equilibrium
Egger, Hartmut - 2010
This paper sets up a general oligopolistic equilibrium model with unionized labor markets. By accounting for productivity differences, the model features profit and wage differentials across industries. We use this setting to study the impact of trade liberalization on employment, welfare, and...
Persistent link: https://www.econbiz.de/10013149008
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Asymmetric Capital-Tax Competition, Unemployment and Losses from Capital Market Integration
Pethig, Rudiger - 2010
welfare. They account for tax base responses to their tax and take as given the world-market interest rate. We specify …
Persistent link: https://www.econbiz.de/10013150802
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Goods and Factor Market Integration : A Quantitative Assessment of the EU Enlargement
Caliendo, Lorenzo - 2017
The economic effects from labor market integration are crucially affected by the extent to which countries are open to … across countries to study and quantify the economic effects of trade and labor market integration. In our model trade is … quantification of the welfare and migration effects from labor market integration …
Persistent link: https://www.econbiz.de/10012948334
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Imitation and the Evolution of Walrasian Behavior : Theoretically Fragile but Behaviorally Robust
Apesteguia, Jose - 2008
A well-known result by Vega-Redondo (1997) implies that in symmetric Cournot oligopoly, imitation leads to the …
Persistent link: https://www.econbiz.de/10012772613
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Financial Integration, Globalization, and Real Activity
De Nicolo, Gianni - 2013
Using data for a large number of advanced and emerging market economies during 1982-2009, this paper examines the …
Persistent link: https://www.econbiz.de/10013091562
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Global and Regional Financial Integration in Emerging Asia : Evidence from Stock Markets
Caporale, Guglielmo Maria - 2017
This paper employs a price-based measure of integration, namely stock return differentials between ten emerging Asian economies and the US (as an indicator of global integration), as well as Japan and the Asian region (as two alternative indicators of regional integration), to test for mean...
Persistent link: https://www.econbiz.de/10012954357
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Cross-Border Banking in Regulated Markets : Is Financial Integration Desirable?
Haufler, Andreas - 2016
market. Duopolistic banks can choose their levels of monitoring of firms and thus the levels of risk-taking, where the risk …
Persistent link: https://www.econbiz.de/10012978391
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Endogenous Skill Formation and the Source Country Effects of International Labor Market Integration
Egger, Hartmut - 2007
With endogenous skills and given technology, labor market integration necessarily lowers welfare of the left-behind in …
Persistent link: https://www.econbiz.de/10012776731