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International Welfare and Employment Linkages Arising from Minimum Wages

Egger, Hartmut - 2010

We formulate a two-country model with monopolistic competition and heterogeneous firms to reconsider labor market linkages in open economies. Labor-market imperfections arise by virtue of country-specific real minimum wages. Two principal experiments are considered. First, we show that trade...

Persistent link: https://www.econbiz.de/10013151811

Capital Investment and Labor Demand

Curtis, E. Mark; Garrett, Daniel; Ohrn, Eric; Roberts, Kevin - 2023

We study how tax policies that lower the cost of capital impact investment and labor demand. Difference …-in-differences estimates using confidential Census Data on manufacturing establishments show that tax policies increased both investment and … complementary inputs in modern manufacturing. Our results show that tax policies that incentivize capital investment do not lead …

Persistent link: https://www.econbiz.de/10014353013

International Prices and Endogenous Quality

Feenstra, Robert C. - 2013

The unit values of internationally traded goods are heavily influenced by quality. We model this in an extended monopolistic competition framework where, in addition to choosing price, firms simultaneously choose quality. We allow countries to have non-homothetic demand for quality. The optimal...

Persistent link: https://www.econbiz.de/10013090428

The Interaction and Sequencing of Policy Reforms

Asturias, Jose - 2016

In what order should a developing country adopt policy reforms? Do some policies complement each other? Do others substitute for each other? To address these questions, we develop a two-country dynamic general equilibrium model with entry and exit of firms that are monopolistic competitors. The...

Persistent link: https://www.econbiz.de/10013001790

Optimal Choice of Product Scope for Multiproduct Firms Under Monopolistic Competition

Feenstra, Robert C. - 2008

In this paper we develop a monopolistic competition model where firms exercise their market power across multiple products. Even with CES preferences, markups are endogenous. Firms choose their optimal product scope by balancing the net profits from a new variety against the costs of...

Persistent link: https://www.econbiz.de/10012773111

Monopolistic Competition and Labor Market Adjustment in the Open Economy

Aizenman, Joshua - 2007

This paper explains prices, output and employment adjustment In an open economy characterized by a monopolistic competitive market structure where goods prices are flexible while wages are determined by contracts that pre-set the wage path for several periods. The paper solves the rational...

Persistent link: https://www.econbiz.de/10012777330

Worst-Case Bounds on R&D and Pricing Distortions : Theory with an Application Assuming Consumer Values Follow the World Income Distribution

Kremer, Michael - 2018

We prove that, for general demand and cost conditions and market structures, the fraction of first-best surplus that a monopolist is unable to extract in a market provides a tight upper bound on the relative distortions arising from firms' equilibrium decisions at all margins (entry and...

Persistent link: https://www.econbiz.de/10012909908

Market Size, Trade, and Productivity

Ottaviano, Gianmarco I.P. - 2010

We develop a monopolistically competitive model of trade with firm heterogeneity - in terms of productivity differences - and endogenous differences in the 'toughness' of competition across markets - in terms of the number and average productivity of competing firms. We analyze how these...

Persistent link: https://www.econbiz.de/10012762448

Beyond Competitive Devaluations : The Monetary Dimensions of Comparative Advantage

Bergin, Paul R. - 2019

inflation and the output gap, monetary policy can foster the competitiveness of these firms, encouraging investment and entry in …

Persistent link: https://www.econbiz.de/10012871944

Exchange Rate Pass-Through, Currency of Invoicing and Market Share

Devereux, Michael B. - 2015

This paper investigates the impact of market structure on the joint determination of exchange rate pass- through and currency of invoicing in international trade. A novel feature of the study is the focus on market share of firms on both sides of the market—that is, exporting firms and...

Persistent link: https://www.econbiz.de/10013018317

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