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This paper analyzes the causes and consequences of regional exhaustion of intellectual property, a policy regime under which a set of countries permit parallel imports from one another but not from the rest of the world. A three-country model is developed in which two high-income countries...
Persistent link: https://www.econbiz.de/10010875557
and sufficient condition for replacing foreign aid by credit to be welfare improving. …
Persistent link: https://www.econbiz.de/10010836297
commodity terms of trade, which in turn affects capital inflows and the price of imported capital. The welfare effect of …
Persistent link: https://www.econbiz.de/10010837272
After some decades of relative oblivion, the interest in the optimality properties of monopolistic competition has recently re-emerged due to the availability of an appropriate and parsimonious framework to deal with firm heterogeneity. Within this framework we show that non-separable utility,...
Persistent link: https://www.econbiz.de/10010643191
country's productive capabilities is often attainable only at the expense of another country's general welfare. The authors …
Persistent link: https://www.econbiz.de/10004972999
including empirical studies of the welfare effects of quality - upgrading voluntary export restrictions and import quotas …
Persistent link: https://www.econbiz.de/10004973154
Persistent link: https://www.econbiz.de/10005178208
equilibrium model of trade under imperfect competition. The focus of the paper is the welfare consequences of reducing trade … barriers and the changes in production and trade flows with the rest of the world. Welfare changes by country are reported and … welfare effects arising from imperfect competition. Intra-EC trade liberalization has pro-competitive effects which make a …
Persistent link: https://www.econbiz.de/10005504484
and raises importable production while a tax cut does not have any effect. The welfare implication is ambiguous in case of … a decrease in cost of corruption. A tax cut, however, raises the welfare unambiguously. …
Persistent link: https://www.econbiz.de/10011111111
Quantifications of gains from trade in heterogeneous firm models assume that productivity is Pareto distributed. Replacing this assumption with log-normal heterogeneity retains some useful Pareto features, while providing a substantially better fit to sales distributions—especially in the left...
Persistent link: https://www.econbiz.de/10011083251