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Powdery mildew (PM) is a fungal disease that damages many crops, including grapes. In California, wine, raisin, and table grapes contributed over $ 3.9 billion to the value of farm production in 2011. Grape varieties with resistance to powdery mildew are currently being developed, using either...
Persistent link: https://www.econbiz.de/10011986495
Motivated by increasing trade and fragmentation of production across countries since World War II, we build a dynamic two-country model featuring sequential, multistage production and capital accumulation. As trade costs decline over time, globalvalue-chain (GVC) trade expands across countries,...
Persistent link: https://www.econbiz.de/10012653024
The project of a national register of wool was the fever dream of mercantilism in Great Britain during the eighteenth … administrative teeth to the ban on the exportation of English raw wool that had existed since 1660. But despite several concerted … with the legislative and administrative practice of raw wool regulation in eighteenth century Britain. In doing so, it also …
Persistent link: https://www.econbiz.de/10014521211
The present paper is set out to examine the place of Geoff Harcourt's 1965 "Two-sector model of the distribution of income and the level of employment in the short run" in his research agenda, as well as its original historical context and fate. That pioneer model articulated how the production...
Persistent link: https://www.econbiz.de/10013412955
The fruits and vegetables subsector shows great dynamism despite lack of government support compared to other subsectors within agriculture. To further realize the potential of the fruits and vegetables sector, one promising instrument is investment in research and development (R&D). The...
Persistent link: https://www.econbiz.de/10011421271
Korea's National Pension Fund (NPF) is projected to be in deficit by the 2040s and exhausted by the 2050s. Increasing contribution rates may be unaffordable, prompting consideration of structural reforms, particularly shifting from a defined benefit (DB) to a defined contribution (DC) system....
Persistent link: https://www.econbiz.de/10015191345
After decades of globalization, many countries are now considering various measures to reduce their dependence on third countries and to incentivize domestic production. This paper analyzes a policy toolbox encompassing trade, industrial, and public policies and their effects on the EU and its...
Persistent link: https://www.econbiz.de/10015195438
Heterogeneous beliefs among market participants can lead to questionable speculative trading that goes beyond any risk-sharing motives. We demonstrate that such unwarranted betting behavior in market equilibrium can be mitigated by introducing nonlinear pricing for ambiguous contracts, without...
Persistent link: https://www.econbiz.de/10015325527
Economic disruptions generally create winners and losers. The compensation problem consists of designing a reform of the existing income tax system that offsets the welfare losses of the latter by redistributing the gains of the former. We derive a formula for the compensating tax reform and its...
Persistent link: https://www.econbiz.de/10013364538
This paper explores the short run, medium run and long run impact of pandemic on the contact intensive entertainment industry in terms of a simple general equilibrium model that can accommodate for unemployment and underemployment. Finite change as a response to large shocks may lead to...
Persistent link: https://www.econbiz.de/10013449517