Showing 1 - 10 of 11
multilateral cooperation when countries are linked by international trade flows and transboundary pollution. …
Persistent link: https://www.econbiz.de/10005583073
trade. Utility-maximizing agents opt between careers in specialized production and careers in predation. Three types of …
Persistent link: https://www.econbiz.de/10005486504
conflicts. Trade and democracy are traditionally thought of as goods, both in themselves, and because they reduce the …
Persistent link: https://www.econbiz.de/10005747064
We examine the endogenous formation of trade blocs when markets are characterized by imperfect competition and … simple model of intra-industry trade between three ex-ante symmetric countries, we find that, while 'pure' customs unions … - entailing tariff cooperation only - are stepping stones towards global free trade, 'impure' customs unions - involving the …
Persistent link: https://www.econbiz.de/10005747071
This paper illustrates that an international permit trading system may hurt relatively poor countries by making associated economic activities unaffordable. A model is constructed in which the free market solution is Pareto inefficient as a result of pollution. The introduction of tradable...
Persistent link: https://www.econbiz.de/10005747178
This paper argues that previous empirical work on the explanation for Hong Kong's export Growth, by focusing on the values of the estimated price and income elasticities, has failed to provide a full account. It is necessarily also to look at changes in the explanatory variables in the model,...
Persistent link: https://www.econbiz.de/10005583049
trade expansion. Specifically, we present a stages-of-growth model in which the four phenomena are jointly endogenous and …
Persistent link: https://www.econbiz.de/10005639328
This paper considers a small open economy where an input-output industrial structure, scale economies and imperfect competition, create vertical linkages and multiple equilibria. In this environment, an imperfect labor market is introduced by assuming unionized labor. It is shown that if the...
Persistent link: https://www.econbiz.de/10005639333
In many intermediate goods markets buyers and sellers both have market power. Contracts are usually long-term and negotiated bilaterally, codifying many elements in addition to price. We model such bilateral oligopolies as a set of simultaneous Rubenstein-Stahl bargainings over contracts...
Persistent link: https://www.econbiz.de/10005670108
The paper demonstrates how trade between developing countries can cause the divergence of long-run growth among these … trade occurs at any moment if the countries have different numbers of intermediate varieties. The country with a larger …
Persistent link: https://www.econbiz.de/10005670111