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How does intranational factor mobility shape the welfare effects of a trade shock? I provide evidence that during WWI, a demand shock emanated from belligerent countries and affected neutral Spain. Within Spain, labor predominantly reallocated locally, while the most affected provinces...
Persistent link: https://www.econbiz.de/10012653502
In this note, we examine the connection between the roommate model and the partnership formation model (Talman and Yang, 2011, Journal of Mathematical Economics 47, 206-212). Upon noting that both occasionally lack equilibria we look at the stable partnerships model, a combination of the former...
Persistent link: https://www.econbiz.de/10013208589
stronger incentive properties are incompatible with much weaker stability properties and vice versa. The CR rule satisfies two …
Persistent link: https://www.econbiz.de/10013208707
Can we reconcile stability with non-manipulability in two-sided matching problems by selecting lotteries over matchings … corresponding notions of ex-ante stability and non-manipulability. For most sets, the properties are incompatible. However, for the … set of utility functions with increasing differences, stability and non-manipulability characterize Compromises and …
Persistent link: https://www.econbiz.de/10013208741
In a seminal 1972 paper, Robert M. May asked: "Will a Large Complex System Be Stable?" and argued that stability (of a … describe highlights in the development of our present understanding of stability and complexity in network systems, in order to …
Persistent link: https://www.econbiz.de/10012610199
The purpose of this paper is to examine whether the strategic motive for protection present in trade and agglomeration … agglomeration industry. We first investigate unilateral trade policy effects on the international production and trade pattern and … the resulting national welfare levels in a new economic geography model including several agglomeration industries. The …
Persistent link: https://www.econbiz.de/10013208511
Many workers with low levels of educational attainment immigrated to the United States in recent decades. Large inflows of less educated immigrants would reduce wages paid to comparably-educated native-born workers if the two groups are perfectly substitutable in production. In a simple model...
Persistent link: https://www.econbiz.de/10010266371
Recent influential empirical work has emphasized the negative impact immigrants have on the wages of U.S.-born workers, arguing that immigration harms less educated American workers in particular and all U.S.-born workers in general. Because U.S. and foreign born workers belong to different...
Persistent link: https://www.econbiz.de/10010266388
As of 2004 California employed almost 30% of all foreign born workers in the U.S. and was the state with the largest percentage of immigrants in the labor force. It also received a very large number of Mexican and uneducated immigrants during the recent decades. If immigration harms the labor...
Persistent link: https://www.econbiz.de/10010266409
A series of recent influential papers has emphasized that in order to identify the wage effects of immigration one needs to consider national effects by skill level. The criticism to the so called „area approach“ is based on the fact that native workers are mobile and would eliminate, in the...
Persistent link: https://www.econbiz.de/10010282079