In order to contribute to a more comprehensive understanding of the robustness of the quantitative results of applied trade policy simulations to variations in the assumptions about firm conduct, this article provides a systematic synopsis of alternative formulations of imperfectly competitive...

In general equilibrium models with oligopolistic firms, equilibrium outcomes may critically depend on the choice of numeraire. When firms have the power to influence prices strategically, different price normalisations entail objective profit functions which are generally not monotone...

While drained peatland currently represents only 7.7 percent of Germany’s total utilized agricultural area, it contributes more than 40 percent of total national greenhouse gas emissions from agriculture and agricultural land use. The National Peatland Projection Strategy adopted by the German...

The misalignment of the Chinese currency exposed by the rapid build-up of China’s foreign exchange reserves over the past few years has been the subject of considerable recent debate. Recent econometric studies suggest a Renminbi undervaluation on the order of 10 to 30%. The modest revaluation...

This article reconsiders the relationship between government debt and welfare in a two-country overlapping-generations model with lifetime uncertainty and international product differentiation. It has recently been proposed that a higher steady-state debt level may be welfare-enhancing in this...

As the global economic crisis unfolds, policymakers around the world are faced with increasing pressures to resort to protectionist measures in support of domestic producers. While observable recent protectionist trends are certainly a far cry from the spiralling protectionism of the 1930s, and...

In general equilibrium models with oligopolistic firms, equilibrium outcomes may depend on the choice of numeraire. When firms have the power to influence prices strategically, different price normalisations entail objective profit functions which are generally not monotone transformations of...

Changes in international trade flows and world prices are major channels through which the global financial crisis will hit developing countries. The recession in the "global North" triggered by the financial crisis and the resulting slowdown of growth in China and other major emerging economies...