Standards and technical regulations which govern the admissibility of imported goods into an economy raise costs of exporters entering new markets, and may have a particularly high impact on firms seeking to export from developing countries. Yet standards may also have a positive side, such as...

How do exchange rate changes impact firms' cash flows? We extend a simulation method developed in industrial organization to answer this question. We use prices, quantities, and product characteristics for differentiated products, coupled with a discrete choice framework and an assumption of...

This paper examines if international trade can reduce total welfare in an international oligopoly with differentiated goods. We show that intra-industry trade, i.e. "reciprocal dumping," can result in lower total surplus than autarky in a Cournot model for any degree of product differentiation....

This paper considers the modernization of the European competition rules for dominant firms, i.e Article 82 of the EC Treaty. It argues that an effects-based approach could increase economic efficiency, if sound and robust economic theories are used by the agencies and courts in the assessment...

This paper examines if international trade can reduce total welfare in an international oligopoly with differentiated goods. We show that welfare is a U-shaped function in the trade cost as long as trade occurs in equilibrium, hence a marginal reduction of trade costs that increases trade may...