Showing 1 - 10 of 356
We use transaction-level data to study changes in the concentration of US imports. Concentration has fallen in the typical industry, while it is stable by industry and country of origin. The fall in concentration is driven by the extensive margin: the number of exporting firm has grown, and the...
Persistent link: https://www.econbiz.de/10011979247
This paper studies the consequences of parallel import (PI) on process innovation of firms heterogeneous in their production technology. In an international setting where foreign markets differ with respect to their intellectual property rights regime, a move by a technologically inferior firm...
Persistent link: https://www.econbiz.de/10008702721
We develop a quantitative theory of prices in firm-to-firm trade with bilateral negotiations and two-sided market power. Markups reflect oligopoly and oligopsony forces, with relative bargaining power as weight. Cost pass-through elasticities into import prices can be incomplete or complete,...
Persistent link: https://www.econbiz.de/10014465091
Organization's (WTO) Agreement on Subsidies and Countervailing Measures (ASCM). In March 2018, the United States of America (USA … subsidies. Globally, many countries have designed WTO compliant fiscal incentives and are offering non-fiscal incentives like …
Persistent link: https://www.econbiz.de/10013489429
(renewable energy deployment) or upstream development and manufacturing of those technologies. The use of subsidies …-particularly upstream ones-is disciplined by World Trade Organization agreements, and its subsidies code lacks exceptions for transboundary … offering production and consumption subsidies in producer countries, allowing that some of the downstream market may lie in …
Persistent link: https://www.econbiz.de/10011457645
Industrial policy has long been criticized as subject to protectionist interests; accordingly, subsidies to domestic … offering production (upstream) and deployment (downstream) subsidies in producer countries, allowing that some of the … downstream market may lie in nonregulating third-party countries. Restraints on upstream subsidies erode global welfare when …
Persistent link: https://www.econbiz.de/10011457653
This paper emphasises the importance of the political-institutional dimension in the understanding of the spatial distribution of economic activity. We introduce the notion of Territorial Authority Scale, which refers to the degree of devolution (towards sub-national tiers of government)...
Persistent link: https://www.econbiz.de/10011603547
We develop a product-differentiated model where the product space is a network defined as a set of varieties (nodes) linked by their degrees of substitutability (edges). We also locate consumers into this network, so that the location of each consumer (node) corresponds to her "ideal" variety....
Persistent link: https://www.econbiz.de/10011548095
The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We propose a simple model where firms producing varieties face labor-market frictions and credit constraints. In the model, tighter credit leads to lower output, lower number of...
Persistent link: https://www.econbiz.de/10011539874
A key characteristic of any trade bloc is its “flexibility” – the extent to which it can be modified or augmented by existing members. This paper investigates how prospective trade bloc members value the flexibility of proposed trade agreements in a changing trading environment. We...
Persistent link: https://www.econbiz.de/10012142363