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This chapter explores the theory and practice of measuring the economic costs and benefits of environmental changes … that influence production, both in the context of firms and of households. The theory uses models of household and firm …
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A model of heterogeneous firms with multiple products and two production factors (labor and capital) is used to study how trade liberalization affects firms’choices through both product and factor markets. Trade liberalization is shown to always redistribute capital toward more efficient firms...
Persistent link: https://www.econbiz.de/10008697190
A model of heterogeneous firms with multiple products and two production factors (labor and capital) is used to study how trade liberalization affects firms' choices through both product and factor markets. Trade liberalization is shown to always redistribute capital toward more efficient firms...
Persistent link: https://www.econbiz.de/10008697568
In this paper, we explore the role of trade in differentiated final goods as well offshoring of tasks for inequality both within and between countries. We emphasize the distinction between managerial and production labor. Production labor is assumed to be a variable input composed of tradable...
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