This paper looks at the incentives to free-ride on the information signaling of others and shows how this can lead to delay in productive activity and to a cascade of activity once information is signaled. In the presence of increasing returns to scale to a profitable project, an initial pioneer...

This study analyses the bilateral trade between Brazil and the European Union (EU) in the period 2002–2012, examining the trade opportunities based on a full integration process. It employs a computable general equilibrium model from the Global Trade Analysis Project (GTAP), aiming at...