Showing 1 - 10 of 25
In this paper three different cooperative R&D arrangements in a strategic trade policy model are examined. A policy game between two governments is analysed, where each government chooses a particular cooperative R&D policy in order to maximize national welfare. Allowing cooperation in R&D is...
Persistent link: https://www.econbiz.de/10005608937
Compared with the social optimum, a monopolist usually sells too little. This result seemingly includes the case of a lab that licences its patented cost innovation: <link>Katz and Shapiro (1986)</link> find `conditions under which &lsqb;the lab&rsqb; will issue fewer than the socially optimal number of licences.'...
Persistent link: https://www.econbiz.de/10008625992
Aid conditional on the purchase of an imported capital good increases the supply of, and demand for, the good. Examining the effects of tied aid on capital accumulation, the current account, and welfare, we find that two resultant conflicting forces render the price of the capital good...
Persistent link: https://www.econbiz.de/10005467176
A modern adaptation of the Ricardian model is used, which incorporates monopolistic competition and multiple factors to derive a MacDougall-type relation between a country's international competitiveness at the industry level and its productivity performance. This relation is implemented...
Persistent link: https://www.econbiz.de/10005467191
This paper analyzes whether complexity, measured by the number of skilled tasks that are performed in production, explains countries commodity trade structure. We modify the Romalis (<link/>) model to incorporate advantage differences in complexity across commodities together with differences in the...
Persistent link: https://www.econbiz.de/10011010099
tried to resuscitate HOV by introducing a simple Hicks-neutral (HN) factor-productivity adjustment. In this paper, we re-examine this question by estimating factor-specific productivities from the individual technology data of multiple developed and developing countries. We find evidence of...
Persistent link: https://www.econbiz.de/10005000419
world, where the two countries (`Europe' and `America') differ in their preferences towards wage inequality. Fair wage considerations compress wage differentials in both countries. European workers are more averse to wage inequality, and Europe is characterized by lower wage differentials and...
Persistent link: https://www.econbiz.de/10005000423
This paper constructs a three-country, specific-factor, trade-theoretic model in which two of the countries are in conflict and where war effort is determined endogenously in a Nash equilibrium. The third country does not take part in the war, but trades with the warring countries. In the...
Persistent link: https://www.econbiz.de/10005604601
In the presence of foreign factor ownership, the traditional welfare effects of tariff reforms have to be reconsidered to include income redistribution between national and foreign-owned factors. Jagdish N. Bhagwati and Richard A. Brecher (1980) showed that, when the relative amount of...
Persistent link: https://www.econbiz.de/10005604734
We incorporate demand-side considerations in trade in a systematic but straightforward way. We do so by focusing on the role of inequality in the determination of trade flows and patterns. With non-homothetic preferences, when countries are similar in all respects but asset inequality, we find...
Persistent link: https://www.econbiz.de/10005608917