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Exports, unemployment and the welfare state

Janeba, Eckhard - 2007

The paper analyzes the labor market effects of globalization when foreign market entry is costly and risky. With … cannot easily switch industries and wages are inflexible in the short run, globalization tends to increase unemployment. In … popular views about the globalization effects in the U.S. and continental Europe. The results also suggest that the welfare …

Persistent link: https://www.econbiz.de/10010300187

Ein einfaches Verfahren zur Berücksichtigung heterogener Preisbildung und Marktmacht auf unvollkommenen Gütermärkten in Produktivitätsschätzungen

Carstensen, Vivian - 2003

Präferenzen für Gütervielfalt und hieraus resultierende heterogene Preisbildung auf unvollkommenen Gütermärkten werden in empirischen Produktivitätsuntersuchungen bislang nur unzureichend berücksichtigt. Der vorliegende Beitrag möchte zur Schließung dieser Forschungslücke beitragen: Er...

Persistent link: https://www.econbiz.de/10010317626

Relational Contracts and the Nature of Market Interactions

Brown, Martin; Falk, Armin; Fehr, Ernst - 2003

We provide evidence that long-term relationships between trading parties emerge endogenously in the absence of third party enforcement of contracts and are associated with a fundamental change in the nature of market interactions. Without third party enforcement, the vast majority of trades are...

Persistent link: https://www.econbiz.de/10010261611

Legal Unbundling can be a Golden Mean between Vertical Integration and Separation

Höffler, Felix; Kranz, Sebastian - 2007

We study an industry in which an upstream monopolist supplies an essential input at a regulated price to several downstream firms. Legal unbundling means that a downstream firm owns the upstream firm but this upstream firm is legally independent and maximizes its own upstream profits. We allow...

Persistent link: https://www.econbiz.de/10010264909

Middlemen: A Directed Search Equilibrium Approach

Watanabe, Makoto - 2012

This paper studies an intermediated market operated by middlemen with high inventory holdings. I present a directed search model in which middlemen are less likely to experience a stockout because they have the advantage of inventory capacity, relative to other sellers. The model explains why...

Persistent link: https://www.econbiz.de/10010326192

European economic integration in econometric modelling: Concepts, measures and illustration

Krieger-Boden, Christiane; Soltwedel, Rüdiger - 2010

analyses, this paper reviews and analyses concepts and actual measures of European integration and globalization. In particular …, it discusses how to separate the effects of European integration from those of globalization. The paper searches for … regional integration and globalization indices that reduce the endogeneity problem, and it discusses collinearity between them …

Persistent link: https://www.econbiz.de/10010272106

Migration, international trade and capital formation: Cause or effect?

Felbermayr, Gabriel J.; Grossmann, Volker; Kohler, … - 2012

technology, globalization tends to lead to convergence. Moreover, under non-convex technology trade and migration tend to be … the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …

Persistent link: https://www.econbiz.de/10010289941

The anatomy of costs and firm performance evidence from Belgium

De Loecker, Jan; Fuss, Catherine; Quiller-Doust, Nathan; … - 2024

We separately observe variable input expenditure and expenditure on fixed inputs in novel firm-level data covering the Belgian manufacturing sector over the last decades. This permits a deeper investigation of two potential drivers of the globally observed widening gap between firms' revenue and...

Persistent link: https://www.econbiz.de/10015195501

The value of decentralization using the blockchain

Reuter, Marco - 2022

Although blockchain technology and cryptocurrencies have grown in popularity over the past years, there does not seem to be a consensus if they bring any value to economic interactions. In this paper, I argue that a fundamental value the blockchain provides is commitment. I develop a model of an...

Persistent link: https://www.econbiz.de/10013464278

Market Power in the Philippine Domestic Shipping Industry

Francisco, Kris A.; Abrigo, Michael Ralph M. - 2023

High market concentration in the Philippine domestic shipping industry has always been a subject of concern among policymakers and researchers. While many reforms aimed at improving the level of competition in the industry have been implemented since the 1990s, studies show that domestic...

Persistent link: https://www.econbiz.de/10014485153