The analysis presented in this study focuses primarily on the LCA manufacturing industries in the United States and Western Europe. It also includes some discussion of Russia’s LCA industry, which is beginning to produce aircraft for export. Although Japan is not a producer of LCA, it is...

Many advanced economies have recently embarked on fiscal austerity. As this has come at a time of high and rising income disparities, policy-makers have fretted about the inequality effects of fiscal consolidations. We shed new light on this issue by empirically investigating the (composition)...

Due to the recent drop in oil prices, there is a strong interest in the influence of the shale revolution on the global supply and demand of hydrocarbon fuels. Consequently, the attention of many economists and industry analysts is drawn to the technological, institutional and regulatory aspects...

The year 2009 is a propitious time to evaluate systems of investor protection in financial markets as global bank losses exceed the 1 trillion mark and market losses equally exceed the 1 trillion mark. Prior to the Global Financial Crisis, the European Union enacted sweeping legislation to...

Written for the Cambridge Handbook on International and Comparative Trademark Law (forthcoming), this chapter surveys US law and policy regarding certification marks and collective marks. It summarizes the current statutory framework and associated case law, then briefly posits some future...

The trade laws of the U.S. are replete with references to “domestic industry,” “domestic” corporations, and “domestic” products. U.S. trade laws, like those of other countries in the world trading system, remain rooted in antiquated understandings of “nationality” and “national...

As our trading world becomes more globalized, who benefits and who gets hurt? This paper relies on the Ricardian model to explore the effects of technological improvements in underdeveloped countries on the welfare of developed countries. For example, trading between the United States and China,...

This paper examines the controversy involving international trade by employing a simple model. It analyzes the effects of unilateral technological improvements in one entity on the welfare of that entity and its trading partners. Improvements in one country are irreversible and lead to...

This paper shows, using a simple model, that wasteful innovations may result in a loss-loss situation where no country experiences an increase in welfare. If some countries introduce innovations that result in harmful effects on other countries, it may cause the adversely affected countries to...