There is a growing number of studies that investigate the effect of trade liberalization on productivity and nearly all assume that trade policy is independently determined of productivity, hence it is exogenous. I show that this assumption is generally invalid both theoretically and...

We develop an overlapping generations model with retradeable paper assets and capital accumulation to analyze the interaction between the real economy and an international asset market. The world consists of two homogeneous countries, which differ only in their initial levels of capital. Two...

The aim of this paper is to investigate the spillover effects through an endogenous world interest rate on the inequality of nations. The model of K. Matsuyama (Econometrica 72 (2004)) is explored under the alternative assumption that the world economy consists of two countries, instead of a...

In this paper we develop a spatial Cournot trade model with two unequally sized countries, using the geographical interpretation of the Hotelling line. We analyze the trade and welfare effects of international trade between these two countries. The welfare analysis indicates that in this...

Intertemporal general-equilibrium models with Keynesian features such as imperfect competition and imperfectly flexible prices which give rise to a (at least) short-run non-neutrality of monetary policy have become the workhorse model for monetary macroeconomics. This thesis now makes four...

This research endeavor consisted of two distinct efforts. First, following a literature review of the characteristics, objectives, and incentive programs available to nonindustrial private forest (NIPF) landowners, the potential effects of wood chip mill harvests on forest management practices...

In this article we extend the recent literature on overlapping generations with a pollution sector by allowing generations to have a certain pollution perception with regards to the stock of pollution. Pollution perception, assumed to be part of the generations' preferences, can be either a...

Die Arbeit beschäftigt sich mit einer axiomatischen Charakterisierung von Wahlfreiheit. Im ersten Teil analysiere ich im statischen Kontext bestehende Axiomensysteme und erarbeite ihre impliziten normativen Annahmen und Defizite. Aus ihnen leite ich die Notwendigkeit ab, sowohl die...

University of Minnesota Ph.D. dissertation. August 2011. Major: Agricultural and Applied Economics. Advisors: Professor Jean Kinsey, Professor Paul Glewwe. 1 computer file (PDF);ix, 150 pages, appendices A-G.