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Preferential Trade Liberalization with Endogenous Cartel Discipline : Implications for Welfare and Optimal Trade Policies

Agnosteva, Delina - 2020

We consider an international cartel whose members interact repeatedly in their own as well as in third-country segmented markets. Cartel discipline-an inverse measure of the degree of competition between firms-is endogenously determined by the cartel's incentive compatibility constraint (ICC),...

Persistent link: https://www.econbiz.de/10012822505

The Role of Non-Discrimination in a World of Discriminatory Preferential Trade Agreements

Saggi, Kamal - 2020

In a three-country model of endogenous trade agreements, we study the implications of the Most Favored Nation Clause (MFN) when countries are free to form discriminatory preferential trade agreements (PTAs). While PTA members discriminate against non-member countries, MFN requires non-members to...

Persistent link: https://www.econbiz.de/10012839848

Trade and the Distribution of Human Capital

Riezman, Raymond Glenn; Bougheas, Spiros P. - 2021

We develop a two-country, two-sector model of trade where the only difference between the two countries is their distribution of human capital endowments. We show that even if the two countries have identical aggregate human capital endowments the pattern of trade depends on the properties of...

Persistent link: https://www.econbiz.de/10013318467

Exchange Competition, Entry, and Welfare

Cespa, Giovanni - 2019

We integrate a market microstructure model with an exchange competition model with entry in which exchanges supply technological services that enhance market participation, and have market power. We find that technological services can be strategic substitutes or complements in platform...

Persistent link: https://www.econbiz.de/10012892152

Non-Horizontal Mergers with Investments into Compatibility

Langus, Gregor - 2019

compatibility and can engage in bundling. We consider the impact of merger on prices, investment and consumer surplus. We also …

Persistent link: https://www.econbiz.de/10012871025

Multiproduct Mergers and the Product Mix in Domestic and Foreign Markets

Chan, Jackie M.L; Irlacher, Michael; Koch, Michael - 2022

post-merger efficiency improvements to reveal a new margin of adjustment along the product dimension. We analyze horizontal … between differentiated varieties. After a merger, acquirers drop products from their consolidated domestic product portfolio … and reallocate assets towards core varieties. We further demonstrate that such merger-induced efficiency gains imply …

Persistent link: https://www.econbiz.de/10013290783

The Costs and Benefits of Rules of Origin in Modern Free Trade Agreements

Ornelas, Emanuel; Turner, John L. - 2022

We study the welfare impact of rules of origin in free trade agreements where final-good producers source customized inputs from suppliers within the trading bloc. We employ a property-rights framework that features hold-up problems in suppliers’ decisions to invest, and where underinvestment...

Persistent link: https://www.econbiz.de/10014077185

Quantifying the Demand, Supply, and Welfare Effects of Natural Disasters Using Monthly Trade Data

Felbermayr, Gabriel; Gröschl, Jasmin Katrin; Heid, Benedikt - 2021

We develop a simple methodology to estimate monthly aggregate supply and demand conditions from bilateral international trade data for about 180 countries and 40 years. We apply our method to measure the short-run effects of natural disasters. In line with theoretical considerations, we find...

Persistent link: https://www.econbiz.de/10013218873

Monopsony Power, Income Taxation and Welfare

Hummel, Albert Jan - 2021

This paper studies the implications of monopsony power for optimal income taxation and welfare. Firms observe workers’ abilities while the government does not and monopsony power determines what share of the labor market surplus is translated into profits. Monopsony power increases the tax...

Persistent link: https://www.econbiz.de/10013224073

Platform Design and Innovation Incentives : Evidence from the Product Ratings System on Apple's App Store

Leyden, Benjamin T. - 2021

A lack of platform-level competition among digital marketplaces can result in socially inefficient platform design and meaningful welfare losses, even independent of actively anticompetitive behavior. To illustrate the first-order effects platform design can have on competitive outcomes, I...

Persistent link: https://www.econbiz.de/10013224087