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What has been the overall global welfare impact of the accession to the World Trade Organization of a large country … simple user-friendly formula to calculate the global welfare impact of the simultaneous trade liberalization of a number of … countries? How sensitive is the answer to the assumption of the trade model? We find a striking answer to these questions. We …
Persistent link: https://www.econbiz.de/10009515732
What has been the overall global welfare impact of the accession to the World Trade Organization of a large country … simple user-friendly formula to calculate the global welfare impact of the simultaneous trade liberalization of a number of … countries? How sensitive is the answer to the assumption of the trade model? We find a striking answer to these questions. We …
Persistent link: https://www.econbiz.de/10013108084
The paper analyzes the labor market effects of globalization when foreign market entry is costly and risky. With flexible labor markets, a fall in foreign market entry cost tends to generate more income inequality. By contrast, when workers cannot easily switch industries and wages are...
Persistent link: https://www.econbiz.de/10010264115
This paper analyzes the effects of trade liberalisation on the political support for policies that redistribute income …, giving rise to a trade-off between redistribution and the inefficiency of the labor allocation. We compare two environments …
Persistent link: https://www.econbiz.de/10010291563
This paper analyzes the effects of trade liberalisation on the political support for policies that redistribute income …, giving rise to a trade-off between redistribution and the inefficiency of the labor allocation. We compare two environments …. -- international trade ; redistribution ; political economy ; factor mobility …
Persistent link: https://www.econbiz.de/10009690814
exports. The paper modifies Arkolakisś (2010) model of trade with heterogeneous firms by introducing endogenous quality and …
Persistent link: https://www.econbiz.de/10009786048
The doctrine of patent exhaustion implies that the authorized sale of patented goods “exhausts” the patent rights in the goods sold and precludes additional license fees from downstream buyers. Courts have considered absolute exhaustion, in which the patent owner forfeits all rights upon an...
Persistent link: https://www.econbiz.de/10012853728
This paper analyzes the effects of trade liberalisation on the political support for policies that redistribute income …, giving rise to a trade-off between redistribution and the inefficiency of the labor allocation. We compare two environments …
Persistent link: https://www.econbiz.de/10013315814
The paper analyzes the labor market effects of globalization when foreign market entry is costly and risky. With flexible labor markets, a fall in foreign market entry cost tends to generate more income inequality. By contrast, when workers cannot easily switch industries and wages are...
Persistent link: https://www.econbiz.de/10013317073
The doctrine of "patent exhaustion" implies that the authorized sale of patented goods "exhausts" the patent rights in the goods sold and precludes additional license fees from downstream buyers. This paper offers the first formal economic model of domestic patent exhaustion that incorporates...
Persistent link: https://www.econbiz.de/10011718680