We develop a theoretical model that explains intra-industry distribution of wages with variation in market power of firms, along with traditional variation in productivity. The model predicts that the outcome of the bargaining game between the firm owners and employees depends crucially on the...

After 18 years of negotiations, Russia has joined the World Trade Organization. This paper assesses how the tariff structure of the Russian Federation will change as a result of the phased implementation of its World Trade Organization commitments between 2012 and 2020 and how it has changed as...

This paper brings new evidence on the impact of services liberalization on the performance of manufacturing firms. Using a unique database of Ukrainian firms in 2001-2007, the authors utilize an external push for liberalization in the services sector as a source of exogenous variation to...

This paper demonstrates the welfare implications of the differential disintegration of the EU. Using a structural gravity approach, our estimates suggest that the rest of the EU countries have much more to lose from the disintegration of the EU compared to a disorderly Brexit. At the same time,...

This paper investigates the contemporaneous effect of a conflict on civilians. Applying multidimensional concept of well-being and DiD approach we consider how the Russian-Ukrainian hybrid war affected people from both sides: in Russia, a country, which initiated and supported this hybrid war,...

The UK is struggling to maintain a powerful global position against a backdrop of the British public having a longstanding difficulty in appreciating the benefits of EU membership. The success of the ‘leave' EU campaign has created huge uncertainty over future ties with the EU. The...

In this paper, we introduce a new method to measure uncertainty using quantitative text analysis and explore the effects of uncertainty on firm performance. We extend a theoretical model with heterogeneous firms and sunk investments to derive hypotheses about the impact of trade policy...

This paper brings new evidence on the impact of services liberalization on the performance of manufacturing firms. Using a unique database of Ukrainian firms in 2001-2007, the authors utilize an external push for liberalization in the services sector as a source of exogenous variation to...