This paper examines how trade liberalisation affects innovation, profits and welfare when firms are engaging in strategic R&D investment. We show that there are multiple equilibria including an autarky equilibrium for a range of high but non-prohibitive trade costs. At lower trade costs, only...

In this chapter we present a selective analytic survey of some of the main results of trade under oligopoly. We concentrate on three topics: oligopoly as an independent determinant of trade, as illustrated by the reciprocal-markets model of Brander (1981); oligopoly as an independent rationale...

Hope plays an important role in all individuals’ lives both today and in the future. While hope and hopelessness are important concepts and the subjects of much theorizing in psychology, theology, philosophy, political science, nursing, as well as in literature and the arts, it is absent from...

his paper is motivated by empirical evidence illustrating the non-Gaussian nature of financial returns, (Jondeau et al 2007) and analyses extreme value theory, (EVT) as a proposed improvement (Embrechts et al., 2005) for risk estimation techniques.Credit default swaps, (CDS’s) are analysed due...

This study examines how Canadian exports to a specific trading partner are influenced by outward and inward direct investment flows to/from that country. A gravity-type empirical model guides a dynamic panel analysis which utilizes OECD country-level data from 1989-2007. Besides refuting the...

An Irish commercial fishery for orange roughy began in the Northeast Atlantic in 2001 with the assistance of government grants. The fishery began as an open access, non-quota fishery. The rapid boom and bust of many deep water fisheries was experienced. Landings peaked in 2002 and then dropped...

The global financial crisis has witnessed a dramatic slowdown in FDI flows, yet concerns over its possible impacts on investment and employment in home and host economies have actually intensified. Although weakened national economies may be a source of many such concerns, research has yet to...

This paper gives a first-time assessment of the interaction between income security programmes (public and private) and the labour force behaviour of older people in Ireland. Workers close to retirement age face a trade-off between earnings from continued work and benefit payments from income...

This paper considers utilising a cross-country microsimulation tax-benefit model for Europe, EUROMOD, to simulate the distribution of replacement rates for four European countries, Denmark, France, Spain and the UK. In particular we show the important role of household composition and the...