An intertemporal partial equilibrium model of the U.S. steel industry is developed which stresses imperfect competition, and the interaction between the large declining integrated steel producers and the entry of the new efficient mini-mills. A central question is whether trade and industrial...

A model of entry by a small exporting country into a large country market with an incumbent monopolist is constructed, and export promotion policy is examined. In the presence of strategic entry deterrence by the large country incumbent firm a number of situations can emerge, including the...

Subordination of business to political influence has remains pervasive in China. We construct a Schumpeterian-type model of growth with managerial time allocation between productive activities and building up political connections. The model predicts the impact of different patterns of state...

As is well known, ignoring spatial heterogeneity leads to biased parameter estimates, while omitting the spatial lag of a dependent variable results in biasness and inconsistency (Anselin, 1988). However, the common approach to analysing households' expenditures is to ignore the potential...