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exercise is based on a recent literature relating mark-ups, market concentration and globalization processes (investment, trade …) in the world economy. Our purpose is to extend these discussions and findings to the Brazilian case. Empirical results …
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We use a novel approach to address the question of whether a union of sovereign countries can efficiently raise and allocate a budget, even when members are purely self-interested and participation is voluntary. The main innovation of our model is to explore the link between budget contributions...
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