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Us Trade and Wages : The Misleading Implications of Conventional Trade Theory
Edwards, Lawrence - 2010
Conventional trade theory, which combines the Heckscher-Ohlin theory and the Stolper-Samuelson theorem, implies that … expanded trade between developed and developing countries will increase wage inequality in the developed countries. This theory … conventional theory to the assumption of incomplete specialization and find evidence that is not consistent with it. Since 1987 …
Persistent link: https://www.econbiz.de/10013142076
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International Trade between Consumer and Conservationist Countries
Brander, James A.; Taylor, M. Scott - 2021
We consider trade between a consumer' country with an open access renewable resource and a conservationist' country that regulates resource harvesting to maximize domestic steady-state utility. In what we call the mild overuse' case, the consumer country exports the resource good and suffers...
Persistent link: https://www.econbiz.de/10013225818
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Trade, Jobs, and Wages
Krugman, Paul R.; Lawrence, Robert Z. - 2021
There is a broad consensus among US opinion leaders that our economic problem is largely one of failures of international competition -- that trade deficits have eroded our manufacturing base, that inability to sell on world markets has been a major drag on economic growth, and that imports from...
Persistent link: https://www.econbiz.de/10013211656
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High-Cost Domestic Joint Ventures and International Competition : Do Domestic Firms Gain?
Raubitschek, Ruth R. - 2010
This paper develops the idea that when markets are imperfectly competitive, final producers may gain from a joint venture that produces part of their input requirements even though marginal cost exceeds the input's market price. Production by the joint venture lowers the market price of the...
Persistent link: https://www.econbiz.de/10012759472
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A Theory of Multihoming in Rideshare Competition
Bryan, Kevin - 2018
We examine competition amongst ridesharing platforms where firms compete by choosing both the price of rides and the extent of idleness. Idleness means drivers who are compensated without picking up passengers, instead acting to reduce passenger wait time. We show that when consumers are the...
Persistent link: https://www.econbiz.de/10012914722
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Beyond Competitive Devaluations : The Monetary Dimensions of Comparative Advantage
Bergin, Paul R. - 2019
Motivated by the long-standing debate on the pros and cons of competitive devaluation, we propose a new perspective on how monetary and exchange rate policies can contribute to a country's international competitiveness. We refocus the analysis on the implications of monetary stabilization for a...
Persistent link: https://www.econbiz.de/10012871944
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Instrumental Variables and Causal Mechanisms : Unpacking the Effect of Trade on Workers and Voters
Dippel, Christian - 2017
Instrumental variables (IV) are a common means to identify treatment effects. But standard IV methods do not allow us to unpack the complex treatment effects that arise when a treatment and its outcome together cause a second outcome of interest. For example, IV methods have been used to show...
Persistent link: https://www.econbiz.de/10012960515
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International Shocks and Domestic Prices : How Large are Strategic Complementarities?
Amiti, Mary - 2016
How strong are strategic complementarities in price setting across firms? In this paper, we provide a direct empirical estimate of firm price responses to changes in prices of their competitors. We develop a general framework and an empirical identification strategy to estimate the elasticities...
Persistent link: https://www.econbiz.de/10012995977
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Infant-Industry Protection Reconsidered : the Case of Informational Barriers to Entry
Grossman, Gene M. - 2007
In industries with imperfect consumer information, the lack of a reputation puts latecomers at a competitive disadvantage vis-a-vis established firms. We consider whether the existence of such informational barriers to entry provides a valid reason for temporarily protecting infant producers of...
Persistent link: https://www.econbiz.de/10012777326
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Product Mix and Firm Productivity Responses to Trade Competition
Mayer, Thierry - 2016
We document how demand shocks in export markets lead French multi-product exporters to re-allocate the mix of products sold in those destinations. In response to positive demand shocks, those French firms skew their export sales towards their best-performing products; and also extend the range...
Persistent link: https://www.econbiz.de/10012986299