After a long debate on wine import tariffs, the Italian Parliament failed to ratify the Spanish- Italian trade agreement on December 17th, 1905. This decision - an unusual episode for a country with relatively low level of protection - left Spain and Italy without a bilateral trade treaty for an...

Después de un largo debate sobre los aranceles a la importación de vino, el 17 de diciembre de 1905 el Parlamento italiano no ratificó el acuerdo comercial entre España e Italia. Esta decisión, un episodio inusual para un país con un nivel relativamente bajo de protección, dejó a España...

En este estudio analizamos el acuerdo comercial entre la Unión Europea (UE) y el Mercado Común del Sur (Mercosur), y predecimos sus efectos sobre el comercio y el bienestar utilizando un modelo de gravedad estructural de equilibrio general. En un primer paso, estimamos el incremento en los...

Artículo de revista ; On 20 December 2020 the European Union (EU) and the United Kingdom (UK) signed a Trade and Cooperation Agreement (TCA) setting the terms on which trade relations between both areas will be based. This article describes the essential points of the agreement, in both the...

Artículo de revista ; In 2019 the European Union (EU) and the Latin American countries that make up the Common Market of the South (Mercosur) reached a political agreement to sign, ratify and implement a trade agreement between the two blocs. This agreement is expected to bring trade and...

This paper examines the preferences of a foreign firm and awelfare-maximizing host country government over two modes of foreigndirect investment (FDI): de novo entry by the foreign firm andacquisition of the domestic incumbent. Two crucial features of the modelare the presence of network...

This paper examines the justifications, history, and practice ofregulation in the US telecommunications sector. We examine the impact oftechnological and regulatory change on market structure and businessstrategy. Among others, we discuss the emergence and decline of thetelecom bubble, the...

We propose a general model of imperfect competition among multi-productfirms, the consumption of whose goods yields externalities from oneconsumer to another. We extend the allocation approach of Weyl (2010)'smonopoly model, proposing a solution concept, Insulated Equilibrium,that allows for...

This paper investigates the results of competition between two profit-seeking telecommunications carriers, as might occur when cable TV providers compete with local exchange carriers. Each firm has a fixed capacity that it can use to offer two different services, such as telephony or video. We...