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 …

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

This paper examines international trade in tainted food and other low-quality products. Wefirst find that for a large … class of environments, free trade is the trading system that conveysthe highest incentives to produce non-tainted high …-quality goods by foreign exporters.However, free trade cannot prevent the export of tainted products, and the condition fortainting …

workers. Trade reformresults in sectoral reallocation of workers which affects employmentin both sectors through quantity and …-sum taxation prevents unemploymentfrom rising after trade has been reformed. However, giving a wage-cost subsidy to both sectors is …

home country. This paper investigates the effects on productivity and trade from the perspective of transaction costs …, using a recent theory on trade in tasks. A production function is estimated for the Netherlands for the period 1972-2001. It …

By combining two large data sets (on international trade flows and cross-border mergers and acquisitions – M&As), we …

Using a newly assembled, consistent and disaggregated dataset (12 goods and 7 services) on internal and bilateral trade … for 25 European countries, we analyse the difference between trade in goods and services. The measurement of both trade in … goods and trade in services is improved over earlier research, allowing us to compare trade in goods and services in a …

far. Most importantly, the real effective exchange rate (REER) of the exporter and, via the importer's terms of trade …