Similar Search Results

Competitive Devaluations : a Welfare-Based Approach

Corsetti, Giancarlo; Pesenti, Paolo A.; Roubini, Nouriel; … - 2021

This paper studies the mechanism of international transmission of exchange rate shocks within a 3-country Center-Periphery model, providing a choice-theoretic framework for the policy analysis and empirical assessment of competitive devaluations. If relative prices and terms of trade exhibit...

Persistent link: https://www.econbiz.de/10013230774

Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?

Aizenman, Joshua - 2010

This paper characterizes the effects of reserve requirements on financial loans in the presence of moral hazard on the lender side (i.e., the anticipation that the taxpayer will bailout lending banks if large default will occur) and sovereign risk on the borrower side. The impacts of such...

Persistent link: https://www.econbiz.de/10012763810

Dynamic Merger Review

Nocke, Volker; Whinston, Michael D. - 2021

We analyze the optimal dynamic policy of an antitrust authority towards horizontal mergers when merger proposals are … endogenous and occur over time. Approving a currently proposed merger will affect the profitability and welfare effects of … surplus by using a completely myopic merger review policy that approves a merger today if and only if it does not lower …

Persistent link: https://www.econbiz.de/10013240987

Designing Hospital Antitrust Policy to Promote Social Welfare

Kessler, Daniel P.; McClellan, Mark B. - 2021

Applying principles of merger evaluation to the health care industry in general, and to hospital markets in particular …

Persistent link: https://www.econbiz.de/10013229113

Horizontal Mergers in the Paper Industry

Pesendorfer, Martin - 2003

merger wave. The evidence indicates that the efficiency of the majority of acquiring firms increases following an acquisition …. Based on the parameter estimates, we calculate merger welfare effects. We find that total welfare increased by $583 …

Persistent link: https://www.econbiz.de/10012787032

The Welfare Consequences of Hospital Mergers

Town, Robert J. - 2010

, average HMO premiums are estimated to be 3.2% higher than they would have been absent any hospital merger activity during the …

Persistent link: https://www.econbiz.de/10012761573

Costly Pollution Abatement, Competitiveness, and Plant Location Decisions

Markusen, James R. - 2021

The US-Mexico free-trade debate included some theoretical assertions that were then used as arguments against trade and investment liberalization. (1) Trade liberalization increases the degree to which production is internationally relocated in response to environmental restrictions...

Persistent link: https://www.econbiz.de/10013220935

Trade Wars and Trade Talks with Data

Ossa, Ralph - 2011

How large are optimal tariffs? What tariffs would prevail in a worldwide trade war? How costly would be a breakdown of international trade policy cooperation? And what is the scope for future multilateral trade negotiations? I address these and other questions using a unified framework which...

Persistent link: https://www.econbiz.de/10013121039

Trade Policy Making in a Model of Legislative Bargaining

Celik, Levent - 2011

In democracies, trade policy is the result of interactions among many agents with different agendas. In accordance with this observation, we construct a dynamic model of legislative trade policy-making in the realm of distributive politics. An economy consists of different sectors, each of which...

Persistent link: https://www.econbiz.de/10013121949

Comparative Advantage and Optimal Trade Policy

Costinot, Arnaud - 2013

The theory of comparative advantage is at the core of neoclassical trade theory. Yet we know little about its …

Persistent link: https://www.econbiz.de/10013071911