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We develop a new general equilibrium model of trade with heterogeneous firms, variable demand elasticities and endogenously determined wages. Trade integration favours wage convergence, boosts competition, and forces the least efficient firms to leave the market, thereby affecting aggregate...
Persistent link: https://www.econbiz.de/10011599058
We develop a new general equilibrium model of trade with heterogeneous firms, variable demand elasticities and endogenously determined wages. Trade integration favors wage convergence, intensifies competition, and forces the least efficient firms to leave the market, thereby affecting aggregate...
Persistent link: https://www.econbiz.de/10010268928
Persistent link: https://www.econbiz.de/10000885537
Persistent link: https://www.econbiz.de/10000825538
Persistent link: https://www.econbiz.de/10000762770
We develop a new general equilibrium model of trade with heterogeneous firms, variable demand elasticities and endogenously determined wages. Trade integration favours wage convergence, boosts competition, and forces the least efficient firms to leave the market, thereby affecting aggregate...
Persistent link: https://www.econbiz.de/10011506681
Persistent link: https://www.econbiz.de/10000644351
Persistent link: https://www.econbiz.de/10000961153
Persistent link: https://www.econbiz.de/10003636079
Persistent link: https://www.econbiz.de/10003640525