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primary and secondary sectors more slowly than labor moves between the secondary and tertiary sectors, we show that import-substitution … changes that paved the way for import-substitution industrialization during the post-war period. Even if this inward …
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We consider an international cartel whose members interact repeatedly in their own as well as in third-country segmented markets. Cartel discipline-an inverse measure of the degree of competition between firms-is endogenously determined by the cartel’s incentive compatibility constraint (ICC),...
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