We derive a simple equation to calculate the global welfare impact of the simultaneous reduction of trade costs between multiple country-pairs. Interestingly, we find that we obtain the same equation for a broad class of trade models. Moreover, balanced trade is mostly not required for the...

What has been the overall global welfare impact of the accession to the World Trade Organization of a large country like China, or the global welfare impact of the completion of the Uruguay round of GATT negotiations? Can we come up with a simple user-friendly formula to calculate the global...

In this paper, we merge the heterogenous firm trade model of Melitz (2003) with the Ricardian model of Dornbusch, Fisher and Samuelson (DFS 1977) to explain how the pattern of international specialization and trade is determined by the interaction of comparative advantage, economies of scale,...

This paper presents theory and evidence that tighter credit constrains force firms to produce lower quality. The paper develops a quality sorting model that predicts that tighter credit constraints faced by a firm reduce its optimal prices due to its choice of lower-quality products. Conversely,...

This paper examines the relationship between the credit constraints faced by a firm and the unit value prices of its exports. The paper modifies Arkolakis’s (2010) model of trade with heterogeneous firms by introducing endogenous quality and credit constraints. The model predicts that tighter...

This paper examines (i) the relationship between the credit constraints faced by a firm and the unit value prices of its exports, as well as (ii) the relationship between the export prices of a firm and its productivity. The paper extends Melitz's (2003) model of trade with heterogeneous firms...

In this paper we discuss the development of a dynamic agent-based model which simulates how agents search and explore in nonstationary environments and ultimately develop habitual, context-dependent, activity–travel patterns. Conceptually, the creation of a choice set is context dependent....

A Brownfield is well described in various definitions and its redevelopment is seen as generating numerous benefits for the society. Further on, the existing literature covers a broad range of different aspects of the Brownfield redevelopment thus enhancing its different features. Still at...

A lot of social, economic and physical problems are found within the 40 problem Districts (Enforcing Districts) located across the Netherlands. A possible way to tackle some of the safety and employment problems is the application of Mix-Use strategy proposed by the Dutch government. Within this...

Netherlands has set national energy targets for year 2020 following the European Union vision. In this context at the local level Eindhoven Municipality has set its ambition to go energy neutral in housing sector by 2020 and decided to develop new energy neutral housing areas. Lack of strict...