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Borders, Trade and Welfare
Anderson, James E. - 2001
International economic integration yields large potential welfare effects, even in a static constant returns competitive world economy. Our method is novel. The effect of border barriers on trade flows is often inferred from gravity models. But their rather atheoretic structure precludes welfare...
Persistent link: https://www.econbiz.de/10012470203
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Trade and security
Anderson, James E.; Marcouiller, Douglas - 1997
Persistent link: https://www.econbiz.de/10000642959
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International Trade and the Environment : A Framework for Analysis
Copeland, Brian R. - 2001
Heckscher-Ohlin-Samuelson factor endowments model. We draw quite heavily from trade theory, but develop a simple pollution …
Persistent link: https://www.econbiz.de/10012470178
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Centralization, Fiscal Federalism and Private School Attendance
Nechyba, Thomas J. - 2001
This paper uses a computational general equilibrium model to analyze the impact of public school finance regimes on rates of private school attendance. It is shown that, when viewed in such a general equilibrium context, state intervention in locally financed systems can have somewhat unexpected...
Persistent link: https://www.econbiz.de/10012470365
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A Unified Approach to Intra-Industry Trade and Direct Foreign Investment
Markusen, James R. - 2001
into each other. The purpose of this paper is to show how the theory of direct investment can now be integrated with the … theory of international trade in goods, and to show how the two combine to determine the pattern of trade and foreign … affiliate production. Empirical estimation gives good support to the predictions of the theory for intra-industry affiliate …
Persistent link: https://www.econbiz.de/10012470389
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General-Equilibrium Approaches to the Multinational Firm : A Review of Theory and Evidence
Markusen, James R. - 2001
, general-equilibrium theory of international trade. Recent advances indicate how vertical and horizontal multinationals arise … theory. In the second part of the paper, we examine empirical results that relate foreign affiliate production to country …
Persistent link: https://www.econbiz.de/10012470390
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Intergenerational Risk Sharing in the Spirit of Arrow, Debreu, and Rawls, with Applications to Social Security Design
Ball, Laurence - 2001
This paper examines the optimal allocation of risk in an overlapping-generations economy. It compares the allocation of risk the economy reaches naturally to the allocation that would be reached if generations behind a Rawlsian 'veil of ignorance' could share risk with one another through...
Persistent link: https://www.econbiz.de/10012470454
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Competition Between Private and Public Schools : Testing Stratification and Pricing Predictions
Epple, Dennis - 2000
When there are peer effects in education, private schools have an incentive to vary tuition to attract relatively able students. Epple and Romano (1998) develop a general equilibrium model characterizing equilibrium pricing and student selection into schools when peer effects are present. The...
Persistent link: https://www.econbiz.de/10012470780
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Increasing Returns and All That : A View From Trade
Antweiler, Werner - 2000
Do scale economies contribute to our understanding of international trade? Do international trade flows encode information about the extent of scale economies? To answer these questions we examine the large class of general equilibrium theories that imply Helpman-Krugman variants of the Vanek...
Persistent link: https://www.econbiz.de/10012470795
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The Creation of Effective Property Rights
Grossman, Herschel I. - 2000
Traditionally, general-equilibrium models have taken effective property rights to be given and have been concerned only with analysing the allocation of resources among productive uses and the distribution of the resulting product. But, this formulation of the economic problem is incomplete...
Persistent link: https://www.econbiz.de/10012470840