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A quota on foreign competition will generally lead to quality-upgrading (downgrading) of the low-quality (high-quality) firm, an increase in average quality, a reduction of quality differentiation, and a reduction of domestic consumer surplus, irrespective of whether the foreign firm produces...
Persistent link: https://www.econbiz.de/10010297879
In a model of vertical product differentiation, duopolistic firms face qualitydependent costs and compete in quality and price in two segmented markets. Minimum quality standards, set according to the principle of Mutual Recognition, can be used to increase welfare. The results of the one-shot...
Persistent link: https://www.econbiz.de/10010298134
Our paper decomposes knowledge-diffusing trade flows and estimates their impacts separately. Overall, trade generates … positive knowledge spillovers, but the effects of intra-industry trade are ambiguous. With regard to sectoral import … significant positive spillover effects of intra-industry trade that corresponds to international out-sourcing. …
Persistent link: https://www.econbiz.de/10010299090
This paper explores official trade data to identify patterns of smuggling in international trade. Our main measure of … interest is the difference in matched partner trade statistics, i.e., the extent to which the recorded export value in the … with the level of corruption in both partner countries. This finding supports the hypothesis that trade gaps partly …
Persistent link: https://www.econbiz.de/10010299136
recessions tend to lead to falling trade and protectionism. The sensitivity of trade to global economic conditions is not simply …
Persistent link: https://www.econbiz.de/10010299558
Die vorliegende Arbeit untersucht, wie sich Angebots-, Nachfrage- und geldpolitische Schocks aus den Vereinigten Staaten auf Deutschland übertragen. Dabei wird ein so genanntes factor-augmented vector autoregressive model (FAVAR) auf einen neu zusammengestellten Datensatz mit mehr als 200...
Persistent link: https://www.econbiz.de/10010299849
Netherlands and the UK. The results can be summarized as the follows: Italy always had a trade specialisation index which was well … above average. Apart from Italy, whose trade performance index decreased substantially, changes in the trade performance …
Persistent link: https://www.econbiz.de/10010300196
The paper examines the economic role of modelling information on the decision problem of an exporting firm under exchange rate risk and hedging. Information is described in terms of market transparency, i.e., a publicly observable signal conveys more information about the random foreign exchange...
Persistent link: https://www.econbiz.de/10010300624
A quota on foreign competition will generally lead to quality-upgrading (downgrading) of the low-quality (high-quality) firm, an increase in average quality, a reduction of quality differentiation, and a reduction of domestic consumer surplus, irrespective of whether the foreign firm produces...
Persistent link: https://www.econbiz.de/10010301130
I present a model of vertical product differentiation and exit where a domestic and a foreign firm face fixed setup costs and quality-dependent costs of production and compete in quality and price in the domestic market. Quality-dependent costs are quadratic in qualities, but independent of the...
Persistent link: https://www.econbiz.de/10010301198