has moral preferences with a morality parameter equal to the level of assortment – is evolutionarily stable, while …

across markets, by exploiting the quasi experimental design of the nearly total collapse of domestic trade by rail in January … a 11% to 18% reduction in price dispersion across markets. Geographical reach of trade varies by crop, most likely …

How much does a nation spend on resources to 'grease the wheels of trade'? To examine this question the Dutch economy … seventeenth century from successes in long distance trade, shipping and financial innovations. Despite its historical background … remain important, suggesting that face-to-face trade remains an important element of modern transactions. In contrast to the …

Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would … suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the mystery of missing trade can be attributed to the …

search for a job-type that matches their skill. They face a trade-off between match quality and the cost of extended search …. This trade-off differs between regions, because search is more efficient in larger regions. Then, interregional mobility … and trade lead to a pattern of specialization where large scale regions have a comparative advantage in producing …

We empirically investigate the responsiveness of international trade to the stringency of environmental regulation … equilibrium model of trade and pollution nesting the pollution haven motive for trade with the factor endowment motive. We analyze … show that trade patterns in ‘dirty’ commodities are jointly determined by relative factor endowments and environmental …

of trade. Regression results suggest that import protection makes income distribution worse for countries in labor …

This paper studies the intangible costs of international trade by extending the basic gravity equation with measures of … cultural and institutional distance, and institutional quality. Analyzing a sample of bilateral trade flows between 92 … countries in 1999, we find that institutional distance has a negative effect on bilateral trade, presumably because the …