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WHAT CAN WE LEARN FROM THE ADM GLOBAL PRICE CONSPIRACIES?

Connor, John M. - Department of Agricultural Economics, Purdue University - 1998

ADM was at the center of two large global price-fixig conspiracies. Buyers were overcharged $116 to $378 million in the United States. Market structure and corporate management style facilitated these cartels. The criminal prosecutions and defendants' legal strategies were both laudatory, but...

Persistent link: https://www.econbiz.de/10005827099

Fiscal Policy in an Estimated Model of the European Monetary Union

Eyquem, Aurélien - Centre de Recherche en Économie et Management (CREM) - 2007

We explore the welfare implications of several fiscal policies in an estimated two-country New Open Economy Macroeconomics (NOEM) model of the EuropeanMonetary Union (EMU). The model features incomplete financial markets and home bias in final consumption baskets. We define the optimal monetary...

Persistent link: https://www.econbiz.de/10005827420

Immigration and native welfare

Felbermayr, Gabriel J.; Kohler, Wilhelm - Institut für Volkswirtschaftslehre, … - 2004

We unify two approaches towards identifying native welfare effects of immigration, one emphasizing the immigration surplus (Borjas, 1995,1999), the other identifying a welfare loss due to terms-of-trade effects (Davis & Weinstein, 2002). We decompose the native welfare effect of immigration into...

Persistent link: https://www.econbiz.de/10005839128

The Trade and Welfare Effects of Mergers in Space

Egger, Hartmut; Egger, Peter - CESifo - 2008

This paper analyzes the consequences of cross-border mergers in a spatial framework, thereby distinguishing three channels of influence: a price increase due to the elimination of product market competition, an adjustment in plant location which reduces overall transportation cost expenditures,...

Persistent link: https://www.econbiz.de/10005766141

How Misleading is Linearization? Evaluating the Dynamics of the Neoclassical Growth Model

Atolia, Manoj; Chatterjee, Santanu; Turnovsky, Stephen J. - Department of Economics, Florida State University - 2008

The standard procedure for analyzing transitional dynamics in non-linear macro models has been to employ linear approximations. This raises the central question of this paper: How reliable is this procedure in evaluating the dynamic adjustments to policy changes or structural shocks? This...

Persistent link: https://www.econbiz.de/10005800102

An OLG Model of Tax Evasion with Public Capital

Atolia, Manoj - Department of Economics, Florida State University - 2003

The paper presents a dynamic overlapping generations model of tax evasion where government revenue is used to provide … characterization of its dynamics. An increase in the probability of being caught, and the penal tax rate reduces tax evasion along the … small open economy model with tariff on imported capital, distortions due to tax evasion wipe out the gains from the tariff …

Persistent link: https://www.econbiz.de/10005800108

Public Investment, Tax Evasion and Welfare Effects of a Tariff Reform

Atolia, Manoj - Department of Economics, Florida State University - 2003

have not been revenue neutral due to the heavy dependence of developing countries on trade taxes and pervasive tax evasion … to be much more pessimistic. The constraints imposed by tariff dependence and tax evasion imply that future tariff … reforms in these countries should be undertaken after strengthening their domestic tax system and augmenting the ability of …

Persistent link: https://www.econbiz.de/10005800118

Consumer Surplus Estimates and the Source of Regression Error

Beatty, Timothy K.M.; Brozovic, Nicholas; Ward, Michael B. - Agricultural and Applied Economics Association - AAEA - 2005

Contrary to widely held belief, we show that the source of regression error does not matter when calculating Marshallian surplus. A misspecified demand curve, not the assumed source of regression error, leads to differences in estimates of consumer surplus.

Persistent link: https://www.econbiz.de/10005803313

HOW LARGE IS THE COMPETITIVE EDGE THAT U.S.-BASED FUTURES PROVIDE TO U.S. FARMERS?

Lence, Sergio H. - Agricultural and Applied Economics Association - AAEA - 2004

The present study advocates a simulation approach to analyze quantitatively the impact of having locally-based markets for price derivatives. A major result is that market outcomes do not appear to be sensitive to most of the underlying parameters of the model other than demand elasticity and...

Persistent link: https://www.econbiz.de/10005806717

Dynamic Contingent Valuation and Choice Modelling for Ecosystem Services

Hertzler, Greg - Australian Agricultural and Resource Economics Society … - 2008

Non market valuation and bio economic modelling are combined in a dynamic model of ecosystem services. A mathematical proof demonstrates that the imputed price of natural capital contains all non market values and that scarcity rent is the total value of ecosystem services. A dynamic demand...

Persistent link: https://www.econbiz.de/10005806920