Commodity markets may be characterized by concentration on the buyer side, with a small number of transnational intermediary firms purchasing from supplying countries and distributing to the market. In many cases, developing economies may have little choice but to sell through these...

Here a numerical simulation model, implemented in Excel, that can be used to expand student understanding of the theory of customs unions is presented. The model allows examination of core customs union issues including trade creation, trade diversion, and the KempWan theorem. By responding to...

Using information from on-line graded assignments in an intermediate microeconomics course, we find that non-procrastinators (both early-starters and front-loaders) obtain higher scores than their dillydallying counterparts. We also find that while busier students tend to start their assignments...

Using an applied general equilibrium model we explore the potential effect of comprehensive trade liberalization in a selection of Latin American developing economies. Over the last decade many of these economies have suffered from high levels of unemployment, and the consequences of reform on...

Using information from on-line graded assignments in an intermediate microeconomics course, we find that non-procrastinators (both earlystarters and front-loaders) obtain higher scores than their dillydallying counterparts. We also find that while busier students tend to start their assignments...

The authors show how the transformation loci in the specific factors model (capital specificity) and the Heckscher-Ohlin-Samuelson model (capital mobility) can be rigorously derived and easily compared by using geometric techniques on the basis of Savosnick geometry. The approach shows directly...

Using a general equilibrium model of a protected developing economy, we demonstrate that imperfect labor mobility may eliminate the possibility of immiserizing growth from foreign investment in an export enclave by allowing job creation to countervail losses in tariff revenue.

This presentation discusses the current state of regional trade in South Asia, specifically the South Asia Association for Economic Cooperation (SAARC). It then discusses the main obstacles for expansion of regional trade in South Asia, specifically poor infrastructure and trade costs resulting...