We develop a dynamic model of intermediate goods trade in which the pattern and the extent of intermediate goods trade are endogenous. We consider a small open economy whose …nal good production employs an endogenous array of intermediate goods, from low technology (high cost) to high technology (low cost). The underlying intermediate goods technology evolves over time. We allow for endogenous ...

a r t i c l e i n f o JEL classification: F13 F42 F51 Keywords: Trade war out of fear Risk-dominant equilibrium Global game in trade policies Strategic complementarity Trade retaliation strategies This paper examines why the recent efforts to arrange free trade regimes have failed repeatedly focusing on the increased uncertainties in economic fundamentals and the asymmetric political economic c...

We propose a new decoding algorithm of LDPC codes over the binary erasure channel (BEC). The proposed decoding algorithm is an iterative one which uses the sparseness structure of the parity-check matrix of LDPC codes. We show by simulation results that the proposed decoding algorithm and the conventional decoding algorithm have a trade-off between remaining erasure rate and complexity. Keyword...