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-world applicability of results compared to previous analyses. We show that a combined merchant-regulatory regulation, which draws upon a …
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In this paper we study how promoting product market competition by reducing mark-ups or by increasing productivity are able to complement labor market reforms. We use a simple general equilibrium model with different types of labor. The bottom-line of the paper is that product market reforms...
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I examine how globalization affects wages and welfare in a general equilibrium model of international trade with partly … oligopolistic markets. Globalization is modeled as reducing trade costs or opening up shielded sectors to trade. There is a national … contributions to the latter's decisions. Both a shift from national to international regulation and a decrease in trade costs …
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