In this paper, we explore how tariff and standard-like Non-Tari Measures (NTMs) introduced by the EU are related with market conditions in domestic EU markets. While Tariffs work as a pure tax on import, standard-like NTMs potentially affect costs of both domestic firms and foreign exporters....

We explore how tariff and standard-like Non-Tariff Measures (NTMs) introduced by the EU affect industry characteristics in the domestic market. While tariffs work as a pure tax on import, standards like NTMs potentially affect costs of both domestic and foreign firms, although likely more the...

This paper aims to identify the cost characteristics of exiting firms whenever firms are playing an infinite horizon supergame with time-invariant cost and demand functions. With more than two firms, the problem of which firms exit is quite similar to a coalition formation one. Solving this...

We study a quality-ladder model of endogenous growth that produces stochastic leadership cycles. Over a cycle, industry leaders can innovate several successive times in the same industry, gradually increasing the magnitude of their technological lead before being replaced by a new entrant....