This paper relates the postdisplacement experience of individuals to changes in the competitive position of the industry, vis a vis the rest of the world, from which the individual was displaced. The focus on the duration of unemployment spells and the change in wages accompanying displacement.

We analyze the effectiveness of protective measures in a differentiated products framework using highly disaggregated data. The extent of the data and level of disaggregation permits us to separate the aggregate effect of tariffs and non-tariff barriers (NTBs) into reduction, diversion and...

We analyze the effects of protection using disaggregated data. This permits analysis of distinct effects of tariffs and NTBs on trade. Our analysis indicates that tariffs tend to shift trade towards larger exporters. We find significant trade diversion caused by tariffs. In the case of NTBs, we...

The outcome of trade policies to increase access for foreign firms to the home country's market is shown to be sensitive to the implementation procedure used. The importance of the timing of moves between governement and firms is highlighted by focusing on taxes and subsidies to implement...

Managing joint venture (JV transitions can have implications for parent firm performance as JVs become important, albeit temporary, instruments of firms' corporate and international strategies. This study examines the average shareholder wealth effects of five specific types of JV termination....

This paper uses a unique micro data set to test for the presence of price asymmetries at the firm level. We find that firm pricing is indeed asymmetric, as Tobin (1972) suggested. Moreover, there is strong evidence to support Ball and Mankiw's (1994) suggestion that firm price asymmetry is...

The outcome of trade policies to increase access for foreign firms to the home country's market is shown to be sensitive to the implementation procedure used. The importance of the timing of moves between government and firms is highlighted by focusing on subsidies to implement minimum market...

The risk premium is a function of both the interest rate differential and the gap between the current exchange rate and its long-run equilibrium in a model of the foreign exchange market with both non-speculating traders and rational speculators. If the speculators have an alternative to...

The view that US businesses are being unfairly hurt by barriers to access in foreign markets has raised demands for market access requirements (MARs) from within US industry and government alike. We show that, contrary to the prevailing wisdom of the recent literature, MARs can be implemented in...

Much empirical international trade reserach requires a careful analysis of bilateral trade patterns. In this paper we examine a commonly used technique called the gravity equation. Though the use of the gravity equation on aggregate data is well-grounded in monopolistic competition trade theory,...