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During the hundred-year period from about 1320 to about 1420, the Florentine woollen cloth industry underwent two closely connected crises. The first crisis was the consequence, direct and indirect, of the ravages of warfare and falling population, afflicting the entire Mediterranean basin and...
Persistent link: https://www.econbiz.de/10010850123
This (revised) study seeks to examine the rise, expansion, and ultimate decline of the Italian wool-based textile industries over a period of six centuries (from ca. 1100 to ca. 1730). An international trade model combining transaction costs and comparative advantage is employed to explain the...
Persistent link: https://www.econbiz.de/10009353454
The effects of ISO 9000 diffusion on trade and FDI have gone understudied. We employ panel data reported by OECD nations over the 1995-2002 period to estimate the impact of ISO adoptions on country-pair economic relations. We find ISO diffusion to have no effect in developed nations, but to...
Persistent link: https://www.econbiz.de/10010333938
The purpose of this paper is to explore strategic incentives to use trade networks rather than markets and shed light on the dynamic relation between the two distinct trading systems: a formal system of markets and a issues in the infinitely repeated multi-player prisoner's dilemma...
Persistent link: https://www.econbiz.de/10010277495
"We are concerned here with the creation of non-market institutions for reducing the cost of risk in poor agrarian … Institutions, the formal and informal rules that order and constrain human relations, affect three critical aspects of economic … individual and communal income and consumption. Here we examine primarily the role of agrarian institutions in containing risk or …
Persistent link: https://www.econbiz.de/10009468491
whether the choice of institutions depends on the historical experience and the stock of knowledge of economic agents. We …
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