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Recent literature on the workhorse model of intra-industry trade has explored heterogeneous cost structures at the firm level. These approaches have proven to add realism and predictive power. This paper shows, however, that this added realism also implies that there may exist a positive...
Persistent link: https://www.econbiz.de/10012735864
This paper presents a two-country intra-industry trade model with bilateral ad valorem tariffs and fixed export costs that are heterogeneous across firms. In this model not all firms will choose to export. We examine the effects of reciprocal changes in the tariff and the fixed export barrier on...
Persistent link: https://www.econbiz.de/10005046323
This paper examines the relationship between market integration and product diversification in a Chamberlinian model of monopolistic competition. In the first version of the model, production of the firm is organised in activities producing either one or two horizontally differentiated...
Persistent link: https://www.econbiz.de/10010991729
The present paper examines trade liberalization driven by the coordination of product standards. For oligopolistic firms situated in separate markets that are initially sheltered by national standards, mutual recognition of standards implies entry and reduced profits at home paired with the...
Persistent link: https://www.econbiz.de/10011100258
Persistent link: https://www.econbiz.de/10011035291
Economic integration has had ambiguous effects on industry concentration. The literature on the topic proposes various explanations for these empirical findings. This paper provides an additional theoretical argument. It shows that in a world of monopolistic competition, integration alone...
Persistent link: https://www.econbiz.de/10005709463
Persistent link: https://www.econbiz.de/10009258342
Environmental policies frequently target the ratio of dirty to green output within the same industry. To achieve such targets, the green sector may be subsidized or the dirty sector be taxed. We show that in a monopolistic competition setting, the two policy approaches have different welfare...
Persistent link: https://www.econbiz.de/10005542906
Persistent link: https://www.econbiz.de/10010992919
In general, the raw product gas of biomass gasification contains a range of minor species and contaminants, including particles, tar, alkali metals, chlorine, nitrogen compounds and sulphur compounds. This study reviews the recent developments in product gas cleaning technologies for these...
Persistent link: https://www.econbiz.de/10010970256