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Punishment fosters efficiency in the minimum effort coordination game
Le Lec, Fabrice; Matthey, Astrid; Rydval, Ondérej - 2012
Using a laboratory experiment, we examine whether informal monetary sanctions can lead to better coordination in a … increases substantially after introducing an ex post sanctioning possibility. Namely, subjects can assign punishment points to … efficiency. This suggests that decentralized monetary sanctions can play a major role as a coordination device in Pareto …
Persistent link: https://www.econbiz.de/10010291833
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Institutions, infrastructure, and trade
Francois, Joseph F.; Manchin, Miriam - 2007
We work with a panel of bilateral trade flows from 1988 to 2002, exploring the influence of infrastructure, institutional quality, colonial and geographic context, and trade preferences on the pattern of bilateral trade. We are interested in threshold effects, and so emphasize those cases where...
Persistent link: https://www.econbiz.de/10010294570
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Multilateralism versus Regionalism!?
Herz, Bernhard; Wagner, Marco - 2010
in recent years. Based on an extensive data set which covers most of world trade over the past 60 years and about 240 …
Persistent link: https://www.econbiz.de/10010294692
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The effect of technological innovation on international trade: a nonlinear approach
Márquez-Ramos, Laura; Martínez-Zarzoso, Inmaculada - 2009
This paper focuses on the relationship between technological innovation and international trade. In particular, the effect of technological achievement on exports is studied. In order to measure technological innovation, the technological achievement index (TAI) is used, thus providing a summary...
Persistent link: https://www.econbiz.de/10010298605
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Kyoto and the carbon content of trade
Aichele, Rahel; Felbermayr, Gabriel - 2010
A unilateral tax on CO2 emissions may drive up indirect carbon imports from non-committed countries, leading to carbon leakage. Using a gravity model of carbon trade, we analyze the effect of the Kyoto Protocol on the carbon content of bilateral trade. We construct a novel data set of CO2...
Persistent link: https://www.econbiz.de/10010299938
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The determinants of cross-border bank flows to emerging markets: New empirical evidence on the spread of financial crises
Herrmann, Sabine; Mihaljek, Dubravko - 2010
This paper studies the nature of spillover effects in bank lending flows from advanced to the emerging market economies and identifies specific channels through which such effects occur. Based on a gravity model we examine a panel data set on cross-border bank flows from 17 advanced to 28...
Persistent link: https://www.econbiz.de/10010301350
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Intangible Barriers to International Trade: A Sectoral Approach
Möhlmann, Jan; Ederveen, Sjef; de Groot, Henri L.F.; … - 2009
This paper studies the importance of intangible barriers to trade in explaining variation in disaggregate international trade. The analysis is based on a sample of 55 countries for the year 2000. We explicitly focus on the importance of institutional and cultural dimensions of distance. Our...
Persistent link: https://www.econbiz.de/10010325971
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The impact of disasters on international trade
Gassebner, Martin; Keck, Alexander; Teh, Robert - 2006
In this paper we examine the impact of major disasters on international trade flows using a gravity model. Our panel data consists of more than 170 countries for the years 1962-2004 yielding approximately 300,000 observations. We find that the driving forces determining the impact of such events...
Persistent link: https://www.econbiz.de/10010326694
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Liberalization of air transport services and passenger traffic
Piermartini, Roberta; Rousová, Linda - 2008
We find robust evidence of a positive and significant relationship between the volumes of traffic and the degree of liberalization of the aviation market. An increase in the degree of liberalization from the 25th percentile to the 75th percentile increases traffic volumes between countries...
Persistent link: https://www.econbiz.de/10010326719
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The euro’s trade effects
Baldwin, Richard E. - 2006
This paper reviews reassesses the methodology and principal findings of the “Rose effect”, i.e. the trade effects of currency union, looking at both EMU and non-EMU currency unions. The consensus estimate suggests that the euro has already boosted intra-euro area trade by five to ten...
Persistent link: https://www.econbiz.de/10011604640