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Welfare migration : is the net fiscal burden a good measure of its economic impact on the welfare of the native-born population? : comment on Munich Economic Summit, June 2004

Razin, Asaf; Tsadḳah, Efrayim - 2004

Migration of young workers (as distinct from retirees), even when driven in by the generosity of the welfare state, slows down the trend of increasing dependency ratio. But, even though low-skill migration improves the dependency ratio, it nevertheless burdens the welfare state. Recent studies...

Persistent link: https://www.econbiz.de/10011450740

New characteristics and hedonic price index numbers

Crawford, Ian; Neary, J. Peter - 2019

Changes in product characteristics on the extensive margin are an important and hitherto neglected dimension of quality change. Standard techniques for quality-adjusting price indices cannot handle such changes satisfactorily, which leads to an economically and statistically significant bias in...

Persistent link: https://www.econbiz.de/10011977187

Do multinationals transplant their business model?

Marin, Dalia; Rousová, Linda; Verdier, Thierry - 2019

What determines whether or not multinational firms transplant the mode of organisation to other countries? We embed the theory of knowledge hierarchies in an industry equilibrium model of monopolistic competition to examine how the economic environment may affect the decision of multinational...

Persistent link: https://www.econbiz.de/10012119950

IO for export(s)

Mrázová, Monika; Neary, J. Peter - 2019

We provide an overview and synthesis of recent work on models of monopolistic competition with heterogeneous firms in international trade, paying particular attention to competition effects, pass-through, selection effects, and linking distributions of firm characteristics and outcomes. A...

Persistent link: https://www.econbiz.de/10012129746

Integration vs. outsourcing in industry equilibrium

Grossman, Gene M.; Helpman, Elhanan - 2001

We develop an equilibrium model of industrial structure in which the organization of firms is endogenous. Differentiated consumer products can be produced either by vertically integrated firms or by pairs of specialized companies. Production of each variety of consumer good requires a unique,...

Persistent link: https://www.econbiz.de/10011398409

Trading votes for votes, a decentralized matching algorithm

Casella, Alessandra; Palfrey, Thomas R. - 2015

Persistent link: https://www.econbiz.de/10011398496

High frequency trading and fragility

Cespa, Giovanni; Vives, Xavier - 2016

Persistent link: https://www.econbiz.de/10011606787

Market power and welfare in asymmetric divisible good auctions

Manzano Tovar, Carolina; Vives, Xavier - 2016

Persistent link: https://www.econbiz.de/10011609230

Market power and welfare in asymmetric divisible good auctions

Manzano Tovar, Carolina; Vives, Xavier - 2016

information but declines with its transaction costs. In line with empirical evidence, we find that an increase in transaction … costs and/or a decrease in the precision of a bidding group.s information induces a strategic response from the other group …, which thereafter attenuates its response to both private information and prices. A "stronger" bidding group -which has more …

Persistent link: https://www.econbiz.de/10011580637

High frequency trading and fragility

Cespa, Giovanni; Vives, Xavier - 2016

We show that limited dealer participation in the market, coupled with an informational friction resulting from high frequency trading, can induce demand for liquidity to be upward sloping and strategic complementarities in traders' liquidity consumption decisions: traders demand more liquidity...

Persistent link: https://www.econbiz.de/10011587522