This paper investigates the economic value of trade when prices of transportation services are endogenous to cross-market … transportation costs and market integration. We use this method to quantify the effect of endogenous transportation costs on the … endogenous, the LNG export benefit can drop by as much as 20-50% relative to the case of exogenous cost. …

exogenous to firms export performance. We find that innovation attributable to this variation leads to an increase of roughly 7 … percentage points in the export share of German manufacturing firms. The evidence is robust to several alternative specifications …

convenience of accessing a larger export market in the South. The gap persists even after controlling for known sources of …

capital firm examines the difficulties of creating a venture capital market in a bank-based financial system. The analysis …), arguing that the existence of an active stock market is a necessary, but by no means sufficient condition for the development …

After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is … market is one of imperfect competition, but even so the cross-subsidy argument is unlikely to be valid. A qualitative …

long as the seller conserves. This contradiction implies that the market for conservation cannot be efficient and … conservation is likely to fail. A leasing market is inefficient for similar reasons and dominates the sales market if and only if …