subsidy spurs global demand for food and confers a terms-of-trade benefit to the food-exporting nation. This might encourage … subsidization. Terms-of-trade effects wash out between trading nations; hence, any policy intervention by the two trading nations …

countries. These costs are heavily influenced by economic policy. What is not well understood is how international trade affects … shows that entry subsidies in the Nash-equilibrium are first increasing, then decreasing in the level of trade openness … with international trade openness indices we empirically confirm this theoretical prediction …

This paper explores the role of country asymmetries for trade and industrial policies with heterogeneous firms. Our … analysis delivers a number of novel results. First, trade policies, infrastructure policies and industrial policies which …, symmetric trade liberalization is immiserizing for a trading partner whose business conditions are inferior. Third, there are …

This paper examines the effects of upgrading product quality standards on product and professional labor …-market equilibriums when both markets are regulated. The Japanese government revised the Building Standards Act in June 2007, requiring a … stricter quality standards created a quasi-rent for certified architects and owners of condominiums at a cost to consumers …

We examine the effect of enforcing minimum quality standards (MQSs) on consumer health. In the late 1800s, the urban …

We study the role of trade liberalization, democratization and their interaction for technology adoption. A general … equilibrium theory with heterogeneous skills predicts a complementarity between trade and political regimes. Openness should …

complementarity in a general-equilibrium trade model with heterogeneous, monopolistically competitive firms, extending Melitz (2003 …