منابع مشابه
Endogenous Comparative Advantage∗
A stylized model of trade between identical countries is developed, where the only departure from standard neoclassical theory is that worker skills are imperfectly observable. This creates an informational externality since firms take aggregate investments into consideration when making inference about individual workers. The interaction between the informational externality and price effects ...
متن کامل“Endogenous Comparative Advantage” Web Appendices
This documents contains proofs that for the sake of brevity have been omitted from the paper " Endogenous Comparative Advantage, " additional calculations, and a discussion about empirical evidence supporting some implications of the model. To make the derivations self-contained some equations have been duplicated from the main paper.
متن کاملSupplement to “ Endogenous Comparative Advantage ”
E Derivation of Trade Equilibria in Section 5.5 9 E.1 Conditions that must hold in any equilibrium. . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 E.2 Equilibria of type A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 E.3 Equilibria of type B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 E.4 Equilibria of type...
متن کاملComparative Advantage and Competitive Advantage:
There is a considerable amount of controversy about the model(s) of comparative advantage and its applicability to international business, in particular as a guide to the success of nations and/or firms in international markets. This perception (or understanding) of inapplicability of the model(s) of comparative advantage has lead international business experts to develop new models, or what ma...
متن کاملEndogenous agendas and seniority advantage∗
We study a legislative assembly that chooses its agenda protocol endogenously. We generalize McKelvey and Riezman’s (1992) seminal theory on seniority in legislatures, by allowing for a large class of ordinal agenda rules that assign different recognition probability to each legislator. We consider two stages — the selection of agenda rules, and the decision making that transpires under them. W...
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ژورنال
عنوان ژورنال: The Scandinavian Journal of Economics
سال: 2019
ISSN: 0347-0520,1467-9442
DOI: 10.1111/sjoe.12291