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In explaining the uneven spatial distribution of economic activity, urban economics and new economic geography (NEG) dominate recent research in economics. A main difference between these two approaches is that NEG stresses the role of spatial linkages whereas urban economics does not do so. We...
Persistent link: https://www.econbiz.de/10003850511
welfare. This paper indicates that this might not happen for at least two reasons. First, energy markets, including the market … result, new entrants in the market are less efficient than incumbent firms. Second, energy markets, again including the … market for natural gas, are associated with capacity constraints. Prices are determined in residual markets where the least …
Persistent link: https://www.econbiz.de/10003857130
We develop a novel two-stage methodology that allows us to study the empirical determinants of the ex post effects of past free trade agreements (FTAs) as well as obtain ex ante predictions for the effects of future FTAs. We first identify 908 unique estimates of the effects of FTAs on different...
Persistent link: https://www.econbiz.de/10011560677