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Designing Policies to Open Trade
Feenstra, Robert C.; Lewis, Tracy R.; McMillan, John - 2021
In this paper we consider recent proposals to auction U.S. import quotas. using the funds so obtained to encourage … critical factor in understanding these policies. In a world or full information, it makes little sense to use auction quotas …
Persistent link: https://www.econbiz.de/10013226082
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Auctioning U.S. Import Quotas, Foreign Response, and Alternative Policies
Feenstra, Robert C. - 2021
drop in foreign producer surplus relative to free trade. Previous estimates of auction revenue are in the range of $3 7 … auction revenue is $1 3-2.15 billion, and the foreign loss is $0.5-O.7 billion relative to free trade. One alternative to … auction quotas is a system of tariff-rate quotas, which are designed to keep supplier countries welfare equal to that in free …
Persistent link: https://www.econbiz.de/10013235296
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Designing Policies to Open Trade
Feenstra, Robert C. - 1990
In this paper we consider recent proposals to auction U.S. import quotas. using the funds so obtained to encourage … critical factor in understanding these policies. In a world or full information, it makes little sense to use auction quotas …
Persistent link: https://www.econbiz.de/10012475779
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Auctioning U.S. Import Quotas, Foreign Response, and Alternative Policies
Feenstra, Robert C. - 1989
drop in foreign producer surplus relative to free trade. Previous estimates of auction revenue are in the range of $3 7 … auction revenue is $1 3-2.15 billion, and the foreign loss is $0.5-O.7 billion relative to free trade. One alternative to … auction quotas is a system of tariff-rate quotas, which are designed to keep supplier countries welfare equal to that in free …
Persistent link: https://www.econbiz.de/10012476217
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Why Do Companies Go Public? An Empirical Analysis
Pagano, Marco; Panetta, Fabio; Zingales, Luigi - 2021
finance subsequent investment and growth, but to reduce leverage, (iv) going public reduces the cost of bank credit; (v) it is …
Persistent link: https://www.econbiz.de/10013244375
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Why Do Companies Go Public? An Empirical Analysis
Pagano, Marco - 1995
finance subsequent investment and growth, but to reduce leverage, (iv) going public reduces the cost of bank credit; (v) it is …
Persistent link: https://www.econbiz.de/10012473502
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Do Financing Constraints Explain Why Investment is Correlated with Cash Flow?
Kaplan, Steven N. - 1995
This paper investigates the sources of the correlation between corporate cash flow and investment by undertaking an in-depth analysis of the 49 low-dividend firms identified by Fazzari, Hubbard, and Petersen (1988) as having an unusually high investment-cash flow sensitivity. We find that in...
Persistent link: https://www.econbiz.de/10012473608
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Kill Zone
Kamepalli, Sai Krishna - 2020
We study why high-priced acquisitions of entrants by an incumbent do not necessarily stimulate more innovation and entry in an industry (like that of digital platforms) where customers face switching costs and enjoy network externalities. The prospect of an acquisition by the incumbent platform...
Persistent link: https://www.econbiz.de/10012481729
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Kill Zone
Kamepalli, Sai Krishna; Rajan, Raghuram G.; Zingales, Luigi - 2022
We study why acquisitions of entrant firms by an incumbent can deter innovation and entry in the digital platform industry, where there are strong network externalities and some customers face switching costs. A high probability of an acquisition induces some potential early adopters to wait for...
Persistent link: https://www.econbiz.de/10013298326
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Monnet's Error?
Guiso, Luigi - 2015
-Europe sentiment as does the 2010 Eurozone crisis. Yet, in spite of the worst recession in recent history, the Europeans still support …
Persistent link: https://www.econbiz.de/10013023682