According to our results the imports of services to Finland have increased. The share of services in total imports in Finland is relatively large compared to many other EU countries. Companies often use imported services as their intermediates, with services accounting for nearly half of the...

According to our results the imports of services to Finland have increased. The share of services in total imports in Finland is relatively large compared to many other EU countries. Companies often use imported services as their intermediates, with services accounting for nearly half of the...

This study considers a small open economy in which two tradable final goods are produced by using a non-tradable resource good, which has an open-access property, as an input as well as a primary factor. If the intrinsic growth rate of the resource is relatively low, there may be no non-trivial...

We study third degree price discrimination in intermediate good markets, in which costs of production for the downstream firms are determined by their investment choices. We focus on the effect of the sequence of firm actions and analyze two models with different timing of investments, before or...

The paper analyses a partial equilibrium outsourcing model with Cournot competition in intermediate good production. Final production is located in western Europe, whereas the intermediate good can be manufactured by a western (outsourcing) or eastern European supplier (offshore outsourcing)....

This paper studies the discriminatory pricing of an intermediate good and compares two models with a different timing of investments undertaken by the downstream firms, before or after the upstream monopolist sets the input prices. When the more efficient downstream firm is charged a higher...

Marktnahe Verrechnungspreise für Zwischenprodukte werden oft alsWertmassstab zur dezentralen Steuerung interner Leistungsverflechtungenverwendet. Intention ihres Einsatzes ist die Etablierung internerMärkte zur Steigerung der Effizienz und Motivation im Rahmen der internenLeistungserstellung,...

The paper analyses a partial equilibrium outsourcing model with Cournot competition in intermediate good production. Final production is located in western Europe, whereas the intermediate good can be manufactured by a western (outsourcing) or eastern European supplier (offshore outsourcing)....

In contrast to the recent literature on the optimal inflation tax, we show that, in models where money reduces transactions costs, it is optimal to set the inflation tax to zero when seigniorage is replaced by revenue from distortionary taxes. The main reasons for this result are that the...

Despite the importance of international trade on intermediate goods, the literature did not pay much attention to this aspect in determining the effects of trade liberalisation in the presence of labour unions. We take up this issue here and show the effects of trade liberalisation on the final...