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The customs union issue: why do we observe so few of them?

Facchini, Giovanni; Silva, Peri; Willmann, Gerald - 2008

The number of preferential trade agreements has greatly increased over the past two decades, yet most existing bilateral arrangements take the form of free trade areas, and less than ten percent can be considered to be fully fledged customs unions. This paper develops a political economy model...

Persistent link: https://www.econbiz.de/10010276607

Complementarities, below-cost pricing, and welfare losses

von Schlippenbach, Vanessa - 2008

We analyze below-cost pricing in retail markets and examine its impact on social welfare as well as on suppliers' incentives to invest in quality. Considering negotiations about a linear wholesale price between the retailer and her suppliers, we find that below-cost pricing aggravates the double...

Persistent link: https://www.econbiz.de/10010276612

Upfront payments and listing decisions

Baake, Pio; von Schlippenbach, Vanessa - 2008

We analyze the listing decisions of a retailer who may ask her suppliers to make upfront payments in order to be listed. We consider a sequential game with upfront payments being negotiated before short-term delivery contracts. We show that the retailer is more likely to use upfront payments the...

Persistent link: https://www.econbiz.de/10010276613

Uncertain longevity and investment in education

Sheshinski, Eytan - 2009

It has been argued that increased life expectancy raises the rate of return on education, causing a rise in the investment in education followed by an increase in lifetime labor supply. Empirical evidence of these relations is rather weak. Building on a lifecycle model with uncertain longevity,...

Persistent link: https://www.econbiz.de/10010276619

Mitigation, adaptation, suffering : in search of the right mix in the face of climate change

Tulkens, Henry; van Steenberghe, Vincent - 2009

The usually assumed two categories of costs involved in climate change policy analysis, namely abatement and damage costs, hide the presence of a third category, namely adaptation costs. This dodges the determination of an appropriate level for them. Including adaptation costs explicitly in the...

Persistent link: https://www.econbiz.de/10010276620

Market access through bound tariffs

Sala, Davide; Schröder, Philipp J. H.; Yalcin, Erdal - 2009

question relates to the effects of tariff bindings on the risk that exporters face in destination markets. The present paper … formalizes the underlying interaction of risk, fixed export costs and firms' market entry decisions based on techniques known … trade. We find that bound tariffs are more effective with higher risk destination markets, that a large binding overhang may …

Persistent link: https://www.econbiz.de/10010276621

A vicious cycle of manias, crashes and asymmetric policy responses : an overinvestment view

Hoffmann, Andreas; Schnabl, Gunther - 2009

The business cycles theories of Wicksell (1898), Schumpeter (1912), Mises (1912), Hayek (1929, 1935) and Minsky (1986, 1992) explain business cycles by distorted prices on capital markets, buoyant credit expansion and overinvestment. The exuberance during the boom endogenously causes the...

Persistent link: https://www.econbiz.de/10010276623

Imports, pass-through, and the structure of retail markets

Raff, Horst; Schmitt, Nicolas - 2009

We construct a model of trade with heterogeneous retailers to examine the effects of trade liberalization on retail market structure, imports and social welfare. We are especially interested in studying the degree of pass-through of import into retail prices and the effects of retail market...

Persistent link: https://www.econbiz.de/10010276624

Business models for media firms : does competition matter for how they raise revenue?

Kind, Hans Jarle; Nilssen, Tore; Sørgard, Lars - 2009

The purpose of this article is to analyze how competitive forces may influence the way media firms like TV channels raise revenue. A media firm can either be financed by advertising revenue, by direct payment from the viewers (or the readers, if we consider newspapers), or by both. We show that...

Persistent link: https://www.econbiz.de/10010276625

Externality-correcting taxes and regulation

Christiansen, Vidar; Smith, Stephen - 2009

Much of the literature on externalities has considered taxes and direct regulation as alternative policy instruments. Both instruments may in practice be imperfect, reflecting informational deficiencies and other limitations. We analyse the use of taxes and regulation in combination, to control...

Persistent link: https://www.econbiz.de/10010276629