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Trading Blocs and Welfare : How Trading Bloc Members Are Affected by New Entrants

Hacker, R. Scott - 1998

This paper uses the three-country duopoly model to examine the effects of lowered trade barriers when a new entrant …

Persistent link: https://www.econbiz.de/10014400765

Tan, Ling Hui - 2000

This paper uses a partial equilibrium framework to compare the welfare consequences of different methods of quota administration relative to free trade under imperfect competition. It shows that a country importing a good from foreign duopolists may improve its welfare by setting a quota at the...

Persistent link: https://www.econbiz.de/10014399874

Importer and Producer Petroleum Taxation : A Geo-Political Model

Strand, Jon - 2008

We derive non-cooperative Nash equilibrium (NE) importer and exporter petroleum excise taxes given full within-group tax coordination, but no coordination between groups, assuming that importers do not produce and exporters do not consume petroleum, and petroleum consumption causes a global...

Persistent link: https://www.econbiz.de/10014401644

Competition vs. stability : oligopolistic banking system with run risk

Capelle, Damien - 2021

This paper develops a model where large financial intermediaries subject to systemic runs internalize the effect of their leverage on aggregate risk, returns and asset prices. Near the steady-state, they restrict leverage to avoid the risk of a run which gives rise to an accelerator effect. For...

Persistent link: https://www.econbiz.de/10012604798

Exchange Rate Pass-Through and Dynamic Oligopoly : An Empirical Investigation

Gross, Dominique M. - 1999

This paper explicitly takes into account the dynamic oligopolistic rivalry among source producers to evaluate the degree of exchange rate pass-through. Using recent time-series techniques for the case of imported automobiles in Switzerland, the results show that prices are strategic complements...

Persistent link: https://www.econbiz.de/10014400174

The Size Distribution of Firms, Cournot, and Optimal Taxation

Gersovitz, Mark - 2006

Tax laws and administrations often treat different size firms differently. There is, however, little research on the consequences. As modeled here, oligopolists with different efficiencies determine the size distribution of firms. A government that maximizes a weighted sum of consumer surplus,...

Persistent link: https://www.econbiz.de/10014400189

Can international technological diffusion substitute for coordinated global policies to mitigate climate change?

Barrett, Philip - 2021

energy, and later by innovation induced by research subsidies. Green production subsidies are ineffective because they … diffusion this is insufficient to avoid catastrophic climate change. But when innovation can diffuse overseas, long …-run temperature increases are limited to 3 degrees. This occurs because policy not only encourages green innovations but also …

Persistent link: https://www.econbiz.de/10012610702

Revisiting carbon leakage

Misch, Florian; Wingender, Philippe - 2021

This paper estimates the carbon leakage rate across countries, arguably a key parameter in the international climate policy discussion including on border carbon adjustment, but which remains subject to significant uncertainty. We propose innovations along two lines. First, we exploit recently...

Persistent link: https://www.econbiz.de/10012605494

Currency wars or efficient spillovers? : a general theory of international policy cooperation

Korinek, Anton - 2017

In an interconnected world, national economic policies regularly lead to large international spillover effects, which frequently trigger calls for international policy cooperation. However, the premise of successful cooperation is that there is a Pareto inefficiency, id est if there is scope to...

Persistent link: https://www.econbiz.de/10011716551

The expansionary lower bound : contractionary monetary easing and the trilemma

Cavallino, Paolo; Sandri, Damiano - 2018

We provide a theory of the limits to monetary policy independence in open economies arising from the interaction … between capital flows and domestic collateral constraints. The key feature of our theory is the existence of an 'Expansionary …

Persistent link: https://www.econbiz.de/10012112314

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