This paper presents a simple model to characterize the discriminatory behavior of a non-complying firm in a minimum-wage economy. In the analysis, the violating firm pays one “favored†group of workers the statutory minimum and the other “non-favored†group of workers a...

In this paper, we examine how biodiversity levels are affected by different regimes of trade-related intellectual property rights (IPRs) in a two-way trade framework where the North and South import and export to each other`s market. This approach incorporates domestic consumption (and hence...

Given the “normal value†of a product as common knowledge in an import-competing market, the profitability of a home firm in filing an antidumping (AD) petition against its foreign rival is shown to depend on the marginal cost differential between the home and foreign firms. When the...

This paper presents a simple model to characterize the discriminatory behavior of a non-complying firm in a minimum-wage economy. In the analysis, the violating firm pays one “favored” group of workers the statutory minimum and the other “non-favored” group of workers a sub-minimum. We...

This paper examines how Bertrand competition affects the welfare implications of bundling by a multi-product firm, which is a monopoly over one good and faces a single-product competitor in a second good. We find that the equilibrium bundle price is lower than the sum of the prices of the two...