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In this paper, the development of price volatility on German agricultural markets is analyzed. The goal is to quantify … the degree of price volatility for selected German agricultural markets and determine how it evolutes over time. Where …, questions are: Was there an increase in price volatility? Did it came from the world markets? What is the impact of price …
Persistent link: https://www.econbiz.de/10009003989
Persistent link: https://www.econbiz.de/10005013101
Nontraded goods account for a major share of GDP in most economies, but have not been incorporated in the welfare analysis of monopolistic-competition models with heterogeneous productivity. This paper extends Helpman, Melitz and Yeaple (American Economic Review 94(1):300–316, <CitationRef CitationID="CR18">2004</CitationRef>) to explore...</citationref>
Persistent link: https://www.econbiz.de/10010988440
This paper investigates trade patterns and the gains from trade in a Chamberlinian-Ricardian model with a CES type of upper-tier utility function. It is shown that a strong tendency toward complete specialization emerges under free trade and that free trade is preferable to autarky from the...
Persistent link: https://www.econbiz.de/10010882912
consistency based on the theory of protectionism. His defence of protectionism is generally presented as clumsy and founded on … different paradigms. Section 2 presents the theory of protectionism formulated by the author. Section 3 tries to interpret …
Persistent link: https://www.econbiz.de/10010941777
equilibrium' (CGE) analysis thanks to their tight connection between theory and data, appealing micro-theoretical foundations, and …
Persistent link: https://www.econbiz.de/10010945138
Arkolakis, Costinot and Rodriguez-Clare (ACR, 2012) prove that, conditional on the change in openness, the welfare gains from foreign trade reforms are quantitatively identical across single-sector trade models with radically different micro-foundations. We generalize this result to domestic and...
Persistent link: https://www.econbiz.de/10010954990
Recent quantitative trade models treat import tariffs as pure cost shifters so that their effects are similar to iceberg trade costs. We introduce revenue-generating import tariffs, which act as demand shifters, into the framework of Arkolakis, Costinot and Rodriguez-Clare (2012), and generalize...
Persistent link: https://www.econbiz.de/10010955007
general equilibrium' (CGE) analysis thanks to their tight connection between theory and data, appealing micro …
Persistent link: https://www.econbiz.de/10010958498
Motivated by the prominent role of electronic limit order book (LOB) markets in today’s stock market environment, this paper provides the basis for understanding, reconstructing and adopting Hollifield, Miller, Sandas, and Slive’s (2006) (henceforth HMSS) methodology for estimating the gains...
Persistent link: https://www.econbiz.de/10010958608