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This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare. Individual income is assumed to follow a stochastic process with two (unobserved) components, an i.i.d. component representing measurement error or transitory income shocks and an...
Persistent link: https://www.econbiz.de/10013086320
property of monotonicity and the slope of the equity-efficiency trade-off. Particularly simple results are available for a …
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. Owing to this linkage, trade cost reductions induce cartel members to adjust their sales, not only due to direct effects …, but also due to spillover effects related to cartel discipline. We apply these ideas to preferential trade agreements … (PTAs) and show that the indirect effects can give rise to trade diversion. We also characterize the welfare effects of …
Persistent link: https://www.econbiz.de/10012822505
international trade is the use of quantitative trade models to estimate the economic welfare losses from dissolutions of major … countries' economic integration agreements (EIAs). In 2016, "Brexit" was passed in a United Kingdom referendum. Moreover, in … 2019, the existence of the entire North American Free Trade Agreement (NAFTA) is at risk if the United States withdraws - a …
Persistent link: https://www.econbiz.de/10012866366
. Owing to this linkage, trade cost reductions induce cartel members to adjust their sales, not only due to direct effects …, but also due to spillover effects related to cartel discipline. We apply these ideas to preferential trade agreements … (PTAs) and show that the indirect effects can give rise to trade diversion. We also characterize the welfare effects of …
Persistent link: https://www.econbiz.de/10012287796
international trade is the use of quantitative trade models to estimate the economic welfare losses from dissolutions of major … countries' economic integration agreements (EIAs). In 2016, "Brexit" was passed in a United Kingdom referendum. Moreover, in … 2019, the existence of the entire North American Free Trade Agreement (NAFTA) is at risk if the United States withdraws - a …
Persistent link: https://www.econbiz.de/10012026353