Showing 1 - 10 of 89
an instrument of strategic trade policy. The home firm's profit is higher when it <i>cannot</i> price discriminate …
Persistent link: https://www.econbiz.de/10011010095
of trade (import and export by commodity) is predetermined and fixed for each good for each country. We consider a simple … three-country, three-good, pure-exchange model with CES preferences. We compute free trade competitive equilibria, three …-country non-cooperative Nash equilibria, and customs union equilibria for randomised parameterizations, and find that trade …
Persistent link: https://www.econbiz.de/10005111341
-discrimination. The underlying model is that of oligopolistic intraindustry trade. While an MFN club does not alter average tariff levels …. These results imply that (i) core WTO rules such as MFN are valuable even if multilateral negotiations deliver limited trade …
Persistent link: https://www.econbiz.de/10005604562
-level import restrictions on Chinese trade imposed between 1992 and 2001, and we estimate their impact on Chinese exports to …
Persistent link: https://www.econbiz.de/10008799765
Numerous gravity applications have resorted to panel data econometric techniques over the past decade. However, with the theory of gravity being so far only static, these estimations lack solid structural dynamic foundations. As a consequence, a consensus on a unified dynamic gravity estimation...
Persistent link: https://www.econbiz.de/10009650423
In this paper, we analyze the offshoring decision of firms whose production process is characterized by a particular sequence of steps. International cost differences vary non-monotonically along the production chain, and moving unfinished goods across borders incurs transport costs. We show...
Persistent link: https://www.econbiz.de/10009650435
What are the impacts of free trade agreement on the welfare of different types of workers in a developed country? What … is the impact of free trade on a developed country's income disparity? What is the effect of free trade on the skill …-equilibrium North-South trade model in which both countries produce one final good and one high-tech intermediate input. The final good …
Persistent link: https://www.econbiz.de/10005111357
The simple gravity equation explains a great deal about the data on bilateral trade flows and is consistent with … several theoretical models of trade. We argue that alternative theories nevertheless predict subtle differences in key …
Persistent link: https://www.econbiz.de/10005111361
We utilize a random-matching model to examine the relationships between market frictions and international trade. In … potential trading partners, owing to higher market frictions. Interestingly, we find that international trade may be associated …
Persistent link: https://www.econbiz.de/10005111404
We argue that different industrial ownership structures generate different incentives for firms to engage in FDI. A comparison is made between (partially) cooperative structures such as the Japanese and Korean systems and competitive structures such as U.S. firms. It is found that ownership...
Persistent link: https://www.econbiz.de/10005111459