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Effects of Unilateral Climate Policy on Terms of Trade, Capital Accumulation, and Welfare in a World Economy
Farmer, Karl - 2013
We present a two-good, two-country overlapping generations model where emissions arise from production and each country has a domestic emission permit system. When one country unilaterally reduces her cap on emissions, her output available for domestic and foreign consumption diminishes more...
Persistent link: https://www.econbiz.de/10012753478
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The Bazaar Effect, Unbundling of Comparative Advantage, and Migration
Kohler, Wilhelm - 2007
equilibrium where input sub-bundles may be traded (offshoring). The model allows for several goods and two fragments, produced … with high-skilled and low-skilled labor. I address wage and welfare effects under flexible wages, and under a minimum wage …. I also explore trade policy implications and compare offshoring to migration …
Persistent link: https://www.econbiz.de/10012777491
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The Effects of a Bonus Tax on Manager Compensation and Welfare
Radulescu, Doina Maria - 2010
This paper analyses the implications of a currently publicly debated issue, namely the introduction of a bonus tax. We shed light on the effects of the bonus tax on compensation components and study its incidence. We use the Principal Agent model within a two-country framework and consider two...
Persistent link: https://www.econbiz.de/10013144210
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Special and Differential Treatment for Developing Countries
Ornelas, Emanuel - 2016
Special and Differential Treatment for Developing Countries (SDT) constitutes a central feature of the GATT/WTO system. Its formal goal is to foster export-led growth in developing countries. Its theoretical foundations and empirical support are, however, weak at best. In particular, SDT...
Persistent link: https://www.econbiz.de/10012994273
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Minimum Wage, Trade and Unemployment in General Equilibrium
Marjit, Sugata - 2020
The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age-old conventional wisdom on its head. This paper demonstrates that this apparently paradoxical result is perfectly plausible in a competitive general equilibrium production...
Persistent link: https://www.econbiz.de/10012835193
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Product and Labor Market Deregulation in Unionized Oligopoly with Asymmetric Countries
Egger, Hartmut - 2011
This paper sets up a general oligopolistic equilibrium trade model for two integrated countries that are similar in all respects except of the prevailing labor market institutions. In one country, the labor market is perfectly competitive, while in the other country labor unions are active in a...
Persistent link: https://www.econbiz.de/10013119394
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International Outsourcing under Monopolistic Competition : Winners and Losers
Do, Viet Dung - 2007
We show that, even with flexible domestic wages, international outsourcing may worsen the welfare of the home country … and reduce the profits of all firms. If wages are rigid, outsourcing is welfare-improving if and only if the sum of the …
Persistent link: https://www.econbiz.de/10012776626
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Globalization, Jobs, and Welfare : The Roles of Social Protection and Redistribution
Ranjan, Priya - 2015
unemployment. If the jobs performed by domestic workers can be easily substituted by imports, then globalization reduces wages and …
Persistent link: https://www.econbiz.de/10013028782
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Outsourcing, Public Input Provision and Policy Cooperation
Aronsson, Thomas; Koskela, Erkki - 2021
This paper concerns public input provision as an instrument for redistribution under international outsourcing by using a model-economy comprising two countries, North and South, where firms in the North may outsource part of their low-skilled labor intensive production to the South. We consider...
Persistent link: https://www.econbiz.de/10013316274
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Outsourcing of Unionized Firms and the Impacts of Labour Market Policy Reforms
Koskela, Erkki - 2008
This paper shows that outsourcing of parts of the workforce in unionized firms leads to wage moderation and as long as the share of the outsourced workforce is not too large, this wage moderation effect on domestic employment outweighs the direct substitution effect so that domestic employment...
Persistent link: https://www.econbiz.de/10012770785