Market Structure and the Demand for Free Trade ABSTRACT We explore the interplay of market structure and government trade policy in the context of a heterogenous goods duopoly model (allowing for goods to be substitutes or complements) wherein governments simultaneously and noncooperatively choose whether or not to provide subsidies for their firms and then firms noncooperatively choose output ...

The purpose of this report is to evaluate the proposed Census method for adjusting poverty thresholds for geographic price differences, offer empirically implementable alternatives to the Census approach (including the possibility of making no adjustment at all), and suggest future directions for research on geographic adjustment of poverty thresholds. I am in a particularly good position to do...

The international trade consists of two components, volume and price. price component is a deflator for trade. Meanwhile, the can be regarded as real condition In this paper, author tries to explain relationship between export import volumes according theoretical basis. response variable quantity (volume) imports exports. control variables, such GDP REER, are in accordance with "imperfect subst...

Investment tax credits are generally implemented to stimulate investment in new goods. However, in the case of durable goods, such policies may also affect secondary markets for used goods. Using a simple theoretical model, I show that an exogenous shock to the price of new durable goods (e.g., a change in tax policy) causes an increase in price and a decrease in the number of transactions in u...

A. WHAT IS INFLATION Inflation is one of the most frequently used terms in economic discussions, yet the concept is variously misconstrued. There are various schools of thought on inflation, but there is a consensus among economists that inflation is a continuous rise in the prices. Simply put, inflation depicts an economic situation where there is a general rise in the prices of goods and serv...

Developing and newly industrialized countries that have experienced the sharpest increases in wage inequality are those whose export shares have shifted towards more skill-intensive goods. We argue that this can be explained by technological catch-up. We develop this insight using a model that features both Ricardian and endowments-based comparative advantage. In this model, Southern catch-up c...

In this study, we explore whether more complex economies are better shielded against exogenous shocks. We contribute to the literature on determinants of output volatility with a relatively new index productive capabilities export goods, Economic Complexity Index (ECI), developed by Hausmann et al. [Hausmann, R., C. A. Hidalgo, S. Bustos, M. Coscia, Simoes, and Yildirim. 2014. The Atlas Complex...