We develop a model with one innovating northern firm and heterogeneous southernfirms that compete in a final product market. We assume southern firms differ in their intrinsiccosts and their ability to adapt technology and study southern incentives to protect intellectualproperty rights. We find...

We develop a model with one innovating northern firm and several heterogeneousSouthern firms that compete in a final product market. We assume the southern firms differ intheir ability to adapt technology and use this heterogeneity to study the differing incentives ofsouthern governments to...

[...]We conclude that technological change, combinedwith overall growth in the capital stock, is the most importantfactor driving the growing wage inequality betweenlow-skilled and high-skilled workers. Increased competitionfrom abroad, both from developing and industrializedcountries, appears...

"Financial Markets and Trading Strategies covers three main parts: Market organization and microstructure theory, which will contain an overview of modern financial markets for equities, FX, and fixed income. There will be a description on various market types and market price formation with...

An informative guide to market microstructure and tradingstrategies Over the last decade, the financial landscape has undergone asignificant transformation, shaped by the forces of technology,globalization, and market innovations to name a few. In order tooperate effectively in today's markets,...