Showing 21 - 30 of 961
In this paper, based on the cyclic scheduling formulation of Schilling and Pantelides [22], we propose a continuous time mixed integer linear programming (MILP) formulation for the cyclic scheduling of a mixed plant, i.e. a plant composed of batch and continuous tasks. The cycle duration is a...
Persistent link: https://www.econbiz.de/10005043591
We investigate how differences in set-up costs of various types affect the trade-off between global effciency and spatial equity and show that the standard assumption of symmetry in fixed costs masks the existence of an interesting effect: the range of available varieties varies depends on the...
Persistent link: https://www.econbiz.de/10005043682
In this paper we build a quality-augmented version of an economic geography model where consumers have heterogenous tastes for a set of manufacturing varieties. We discuss a footloose capital model and a footloose entrepreneur model. We show that firms selling the goods with higher values select...
Persistent link: https://www.econbiz.de/10005008443
This paper introduces trade costs and endogenous number of varieties in an open economy model with monopolistic competition and short run nominal wage rigidities. We show that these two elements have important implications for the international transmission of monetary and productivity shocks....
Persistent link: https://www.econbiz.de/10005069491
Krugman’s (1980) model of trade predicts that the country with the relatively large number of consumers is the net exporter and hosts a disproportionate share of firms in the increasing returns sector. He terms these results 'home market effects'. This Paper analyzes three additional models...
Persistent link: https://www.econbiz.de/10005667026
The home market effect (HME) is a distinguishing feature of the "new" theory of international trade, but it is uncertain whether this effect survives if one moves beyond the simplifying setup with only two countries. We present a three-country version of the seminal model by Krugman (1980) and...
Persistent link: https://www.econbiz.de/10005562275
This paper reviews the new economic geography literature, which accounts for the uneven distribution of economic activity across space in terms of a combination of love of variety preferences, increasing returns to scale and transport costs. After outlining the canonical core and periphery...
Persistent link: https://www.econbiz.de/10005791744
The home market effect is considered as a distinguishing feature of models of trade with increasing returns to scale in production and imperfect competition. However, some empirical studies found the existence of home market effect even in constant returns to scale industries. In this paper we...
Persistent link: https://www.econbiz.de/10005792275
We develop a model with two asymmetric countries. Firms choose the number and the location of plants that they operate. The production of each firm increases when trade costs fall. The fall also induces multinationals to repatriate their production into a single country, which is likely to be...
Persistent link: https://www.econbiz.de/10005823000
Persistent link: https://www.econbiz.de/10005715598