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This paper derives the impact of market integration on equilibrium firm size and market concentration in horizontally differentiated industries. We show that market concentration (measured by the number of firms) can rise as a consequence of market integration if firms engage in R&D competition....
Persistent link: https://www.econbiz.de/10005094721
Exchange risk hedging in a static (i.e. one-period) setting is extremely straightforward. The variance-minimizing hedge of a particular future cash flow involves a forward contract equal but opposite in sign to the exposure of the cash flow. The exposure is the regression coefficient of the cash...
Persistent link: https://www.econbiz.de/10005136503
This paper derives the impact of market integration on equilibrium firm size and market concentration in horizontally differentiated industries. We show that market concentration (measured by the number of firms) can rise as a consequence of market integration if firms engage in R&D competition....
Persistent link: https://www.econbiz.de/10010630242
This paper analyzes the impact of international trade on a firm's technological choice. Specifically, we examine how income and technological levels of export destination countries affect exporting firms' relative incentives between product innovation and process innovation. Based on an...
Persistent link: https://www.econbiz.de/10012181745
.The present work is dedicated to analyzing and developing a thorough understanding of the nature of private and hybrid private-public … business practices affecting market access and contestability. The conclusions of the present work will show how the WTO panel … practices within the competence of the WTO. …
Persistent link: https://www.econbiz.de/10009459272
negotiating stance adopted by various member countries at the WTO during the last decade while attempting to formulate a set of …
Persistent link: https://www.econbiz.de/10005528131
Persistent link: https://www.econbiz.de/10009620631
Trade stimulates economic growth as well as create employment. The basic principles (of the WTO) make the system … qualities to choose from. These are the basic benefits of world trading given by the WTO (WTO 2003). A number of studies have … explained implications of the WTO with reference to developed and developing countries. How much trade has been increased by …
Persistent link: https://www.econbiz.de/10011922668
. Under these circumstances, World Trade Organization (WTO) was founded in 1995 as an institute responsible for executing and … first by UAA initiatives and later by those of the WTO. However, WTO policies allow countries to have rights to take …
Persistent link: https://www.econbiz.de/10010880971
Persistent link: https://www.econbiz.de/10015054155