This paper examines how intermittent trade conflicts affect production, investment, and exports of an industry that produces for both domestic and international markets. We construct a dynamic stochastic model of a representative profit maximizing firm that is exposed to intermittent trade...

This paper studies the effects of the carbon-based ecosystem on a country's output. We propose and estimate a dynamic game production model in which a country's ecosystem, as measured by its reservoir of carbon in land biomass and soils, is a productive input. This reservoir is diminished when...

We explore how public investment in commercial infrastructure affects the composition of trade between countries. To this end, we develop a model of bilateral trade in which two countries produce, consume, and trade a continuum of goods. Goods are produced by a single homogeneous factor, labor,...