This paper investigates the decision problem of an incumbent firm confronted by both a weak and a strong entrant in a differentiated market. Suppose that the incumbent can deter entry of the weak firm, but cannot deter entry of the strong firm by itself. Then the incumbent may allow entry of the...

Societal theories of trade policy stress the importance of domestic interest groups, whereas statist theories focus on the effects of domestic institutions. Debates over the relative merits of these approaches have been fierce, but little systematic empirical research has been brought to bear on...

We build a partial-equilibrium, two-country model to analyze some implications of the introduction of genetically modified (GM) products. In the model, innovators hold proprietary rights on the new technology, whereas farmers are (competitive) adopters; some consumers deem food produced from GM...

Drawing from the country-specific analyses of the structure and growth of agricultural protection in the four largest ASEAN countries, this paper analyzes the changes in agricultural protection and structural change in the ASEAN economies from 1960 to 1982. Analysis shows that the comparative...

Within a hierarchical firm structure, the paper details how the composition of a worker's skills and the (non) observability of a worker's ability affect wage and promotion paths. Promotion takes place over time and is not efficient, as employers seek to exploit their inside information about a...

This paper analyses the impact of trade liberalisation in Mauritius, leading to the erosion of protection, on employment in two sectors (the sugar sector and the Export Processing Zone (EPZ)) whose growth have been dependent on such protection. The findings emanating from the study reveal that...