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Informational Rents, Macroeconomic Rents, and Efficient Bailouts
Philippon, Thomas - 2011
We analyze government interventions to alleviate debt overhang among banks. Interventions generate two types of rents. Informational rents arise from opportunistic participation based on private information while macroeconomic rents arise from free riding. Minimizing informational rents is a...
Persistent link: https://www.econbiz.de/10013130980
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Measuring Industry Specific Protection : Antidumping in the United States
Staiger, Robert W.; Wolak, Frank - 2022
This paper provides estimates of the trade impacts of U.S. antidumping law and the determinants of suit filing activity … from 1980-1985. We study three possible channels through which the threat or mere possibility of antidumping duties can … antidumping law. We refer to these three non- duty effects as the investigation effect, the suspension effect, and the withdrawal …
Persistent link: https://www.econbiz.de/10013322887
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Protection for Sale with Imperfect Rent Capturing
Facchini, Giovanni - 2012
Structurally estimating the Grossman and Helpman (1994) model using coverage ratios that include non-tariff barriers leads to biased parameter estimates. We develop a quot;protection for salequot; theoretical framework consistent with the data, by explicitly allowing for non-tariff barriers....
Persistent link: https://www.econbiz.de/10012755693
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Shared Capitalism in the U.S. Economy? Prevalence, Characteristics, and Employee Views of Financial Participation in Enterprises
Kruse, Douglas L. - 2008
Between one-third and one-half of employees participate directly in company performance through profit sharing, gainsharing, employee ownership, or stock options. This flies in the face of concerns about the free rider problem and worker risk aversion in group incentives, and raises many...
Persistent link: https://www.econbiz.de/10012770670
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Trade Restrictiveness and Deadweight Losses from U.S. Tariffs, 1859-1961
Irwin, Douglas A. - 2007
This paper calculates the Anderson-Neary (2005) trade restrictiveness index (TRI) for the United States using nearly a century of data. The results show that the standard import-weighted average tariff understates the TRI, defined as the uniform tariff that yields the same welfare loss as the...
Persistent link: https://www.econbiz.de/10012775912
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The Political-Economy of U.S. Automobile Protection
Nelson, Douglas - 2021
This paper examines the political process through which the U.S. auto industry pursued and ultimately received protection from Japanese competition. Following a brief review of research on the competitiveness of the industry (section II) and on the effects of protection on industry performance...
Persistent link: https://www.econbiz.de/10013222912
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Protectionist Pressures, Imports, and Employment in the United States
Krueger, Anne O. - 2021
This paper assesses the theoretical and empirical basis for American labor union leaders' contention that imports have been a big source of job loss in the United States. It is shown, first, that identification of job losses "due to imports" is exceptionally difficult because economic growth...
Persistent link: https://www.econbiz.de/10013234962
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Precedent and Legal Argument in U.S. Trade Policy : Do They Matter to the Political Economy of the Lumber Dispute?
Kalt, Joseph P. - 2021
For more than a decade, the United States and Canada have been engaged in a rancorous dispute over trade in softwood lumber. Through three successive rounds of administrative litigation before the U.S. Department of Commerce, the U.S. sawmill industry has sought to have countervailing duties...
Persistent link: https://www.econbiz.de/10013310225
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Could the U.S. Iron Industry Have Survived Free Trade after the Civil War?
Irwin, Douglas A. - 2021
An unresolved question concerning post-Civil War U.S. industrialization is the degree to which import tariffs protected domestic manufacturers from foreign competition. This paper considers the impact of import tariffs on the domestic pig iron industry, the basic building block of the entire...
Persistent link: https://www.econbiz.de/10013227496
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Contingent Protection as Better Insurance
Prusa, Thomas J.; Fischer, Ronald D. - 2021
We formalize the notion that GATT exceptions such as antidumping and escape clause actions can act as insurance for …
Persistent link: https://www.econbiz.de/10013223874