might lament any departure from broad carbon pricing, citing efficiency costs. This paper offers theory and numerical …

possibility that freer trade also alters the firm-size distribution via international firm migration (offshoring); firms must, by …

We propose a theory of task trade between countries that have similar relative factor endowments but may differ in size … be performed at home or abroad, but offshoring entails costs that vary by task. In equilibrium, the tasks with the … highest offshoring costs may not be traded. Among the remainder, those with the relatively higher offshoring costs are …

The rise of offshoring of intermediate inputs raises important questions for commercial policy. Do the distinguishing … features of offshoring introduce novel reasons for trade policy intervention? Does offshoring create new problems of global … perform in a world where offshoring is prevalent? In this paper we provide answers to these questions, and thereby initiate …

offshoring in the short run and in the long run (when technology levels are endogenous). The short-run analysis shows that when … research efforts in response to increased offshoring. In particular, the rich country always gains from increased fragmentation …

In this paper, in order to study the impact of offshoring on sectoral and economywide rates of unemployment, we … offshoring. This result can be understood to arise from the productivity enhancing (cost reducing) effect of offshoring. If the … search cost is identical in the two sectors, or even if the search cost is higher in the sector which experiences offshoring …