We examine interaction between goods trade and market power in domestic trade and distribution sectors. Theory suggests a linkage between service-sector competition and goods trade, one supported by econometrics involving imports of 22 OECD countries vis-à-vis 69 exporters. This points to linkages between market access conditions for goods and the structure of the service sector. Competition in...

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 policy equilibrium. It is not imperfect competition, but variation in competitive stance between sectors that matters for trading partners. Beggar-thy-neighbor competition policies relate to countries’ co...

Imagine a state proclaiming that it will claim jurisdiction l over, and apply its laws to, any website that can be accessed from a computer located in its taritory. The response would per/taps be outrage from some. Others would point to the ineffective nature of such a rule, and yet others would perhaps view the model as infeasible. Indeed, when the Advoeate-General's office of Minnesota in the...

China has been considering enactment of an anti-monopoly (antitrust) law since 1993, and it has now enacted such a law. Given the potential importance of this legislation, there is much uncertainty about what the enactment means and what roles it is likely to play in influencing the development of the Chinese economy. This article applies a neo-institutionalist analysis in examining some of the...

In high-dimensional sparse regression, would increasing the signal-to-noise ratio while fixing sparsity level always lead to better model selection? For regression problems, surprisingly, in this paper we answer question negative regime of linear for Lasso method, relying on a new concept term ...

In many areas of society we rely on competition to better achieve societal goals. Ideally, competition motivates effort and efficiently allocates resources. However, due to imperfect information, competition generally depends on quantitative proxy measures in order to assess performance. This leads to an increasing use of such quantitative proxies in modern societies. Examples include: in scien...