We analyze two reasons for export prices to be different across markets - namely, quality differentiation and variable markups - and attempt to parse their relative importance and some of their underlying drivers. To overcome the substantial measurement issues in this task, we consider a...

We analyze two reasons for export prices to be different across markets--namely, quality differentiation and variable markups--and attempt to parse their relative importance and some of their underlying drivers. To overcome the substantial measurement issues in this task, we consider a...

We analyze two reasons for export prices to be different across markets namely, quality differentiation and variable markups and attempt to parse their relative importance and underlying drivers. To overcome identification issue, we consider a particular industry: Chinese fine art, given its...

This paper investigates the propensity of exporters in certain primary commodity sectors to innovate and then attempts to measure the associated gains. The high degree of differentiation in metal products is giving rise to the potential for vertical upgrading for a substantial portion of Latin...

In this paper we develop two numerical methods for optimal stopping in the framework of one dimensional diffusion. Both of the methods use the Skorohod embedding in order to construct recombining tree approximations for diffusions with general coefficients. This technique allows us to determine...

In this paper we find sufficient conditions for the continuity of the value of the utility maximizationproblem from terminal wealth with respect to the convergence in distribution of the underlying processes. We provide several examples which illustrate that without these conditions, we cannot...

Y-SBA-15 was synthesied by doping Yttrium (Y) into SBA-15 using a solvent-free solid-state grinding method, and 1-butyl-3-methylimidazolium phosphomolybdic salt ([Bmim] 3 PMo 12 O 40 , abbreviated to [Bmim]PMoO ) was synthesized, and then it was loaded on Y-SBA-15. [Bmim]PMoO/Y-SBA-15 is a...

We analyze the decline in the U.S. share of world merchandise exports against the backdrop of a model-based measure of competitiveness. We preliminarily use constant market share analysis and gravity estimations to show that the majority of the decline in export shares can be associated with a...

This paper investigates the propensity of exporters in certain primary commodity sectors to innovate and then attempts to measure the associated gains. The high degree of differentiation in metal products is giving rise to the potential for vertical upgrading for a substantial portion of Latin...

The rapid growth of offshoring has sparked a contentious debate over its impact on the U.S. manufacturing sector, which has recorded steep employment declines yet strong output growth - a fact reconciled by the notable gains in manufacturing productivity. We maintain, however, that the dramatic...