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infinity and trade costs also go to infinity. We obtain this limit in the Armington, Eaton-Kortum, Krugman, and Melitz models …. In all cases, the trade of the SOE with the foreign countries approaches a finite limit, and the domestic expenditure …
Persistent link: https://www.econbiz.de/10013334441
escalation. Yet neoclassical trade theory - and modern Ricardian trade models, in particular - predict that welfare … tariff escalation increasing in the extent of downstream returns to scale. A quantitative evaluation of the US-China trade …
Persistent link: https://www.econbiz.de/10013334443
deep trade agreements; and countries, especially small ones, sharing these traits with attractive destinations receive …
Persistent link: https://www.econbiz.de/10014337843
We use the dynamics of U.S. imports across goods in the period around the U.S.-China trade war with a model of exporter … dynamics to estimate the dynamic path of the probability of transiting between Normal Trade Relations and a trade war state. We … find (i) there was no increase in the likelihood of a trade war before 2018; (ii) the trade war was initially expected to …
Persistent link: https://www.econbiz.de/10014486241
. What are the impacts of these policies, and what do they reveal about market power in international trade? We study a … the government's trade and investment objectives, and over time to safeguard the current account. Interacting these …
Persistent link: https://www.econbiz.de/10014468237
questions and related policy dilemmas. This paper addresses two questions: How is digital service trade shaped by (1) AI …
Persistent link: https://www.econbiz.de/10014437056
We review theoretical and empirical work on the economic effects of the United States and China trade relations during … economic effects on different outcomes. We then focus on the recent U.S.-China trade war. We discuss methods used to evaluate … its effects, describe its economic effects, and analyze if this increase in trade protectionism reverted the effects of …
Persistent link: https://www.econbiz.de/10013361989
This paper analyzes dynamic oligopoly models where investment is the principal strategic variable of interest, there …
Persistent link: https://www.econbiz.de/10014544678
I show that buyer power of firms could either increase or decrease their technology adoption, depending on the direction of technical change and on which input markets are imperfectly competitive. I examine this relationship empirically in a setting that features both concentrated labor markets...
Persistent link: https://www.econbiz.de/10013435148
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish …
Persistent link: https://www.econbiz.de/10013362001