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We examine antitrust rules in a two county general equilibrium trade model, contrasting national and multilateral (cooperative) determination of competition policy, exploring the properties of the policy equilibrium. It is not imperfect competition, but variation in competitive stance between...
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This paper studies how increases in labor standards and enforcement affect workers and their families. Using a policy in Argentina that targeted domestic workers and their employers, I find a 35% increase in formality rates of domestic workers and a 4.2% increase in monthly earnings, despite a...
Persistent link: https://www.econbiz.de/10012853523
Inspired by psychological studies on human judgment, this article represents the first attempt to provide a systematic account of how various heuristics and cognitive biases can influence public perception as well as regulatory response to foreign direct investment. In particular, it catalogues...
Persistent link: https://www.econbiz.de/10013063308
A short review of the theoretical and empirical evidence indicates that Foreign Direct Investment (FDI) has the potential to increase the intensity of competition as well as to act as a channel for technology transfers. One would expect, all else equal, an increase in average productivity...
Persistent link: https://www.econbiz.de/10014103296
A review of the literature indicates that Foreign Direct Investment has the potential to increase the intensity of competition and to act as a channel for technology transfers. Using a Spanish firm level data set, we disentangle these effects by estimating a dynamic model of firm level...
Persistent link: https://www.econbiz.de/10012986490
firms imitate other firms and rely on public information rather than on firm specific private information about investment … information acquisition effort. Weakly governed managers rely less on private information acquisition and comove more in their … investment decisions. Our results also show that the effect is strongest for firms in industries with high information intensity …
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