A two-country model of oligopoly in general equilibrium is used to show how changes in market structure accompany the process of trade and capital market liberalisation. The model predicts that bilateral mergers in which low-cost firms buy out higher-cost foreign rivals are profitable under Cournot competition. With symmetric countries, welfare may rise or fall, though the distribution of incom...

This appendix contains additional analyses that we mention but do not report in the paper to preserve space.  Table IA.1: Cross-sectional gravity models (baseline equation (2)) on a sample that includes the natural resources industries.  Table IA.2: Cross-sectional gravity models (baseline equation (2)) with acquirer and target country fixed effects (instead of acquirer and target country cha...

NATO members have been coping with low motivation and morale. Such environments typically high turnover intentions neglect behavior. However, safety behavior is paramount for military organizations can serious consequences. Social exchanges are often cited as the main reason these phenomena. We therefore examine compliance of 1,593 airmen from a European Air Force by focusing on different psych...

The ongoing depletion of fossil resources, the energetic autonomy countries, soaring prices for petroleum and climate change have stimulated research development on renewable energy as biofuels. In this work, a bibliometric analysis Web Science database was carried out to identify related sugar beet equation logistic used quantitatively describe growth publication in biofuels field. results sho...

Much trade liberalization involves large and small countries. This paper presents a formal comparison of the economic welfare effects for the small and large country from unilateral free trade by the small country, from a free trade agreement, and from preferential access to the large country’s market. I show that it matters for the welfare effects of these strategies whether the small country ...

This paper uses the methodology developed in Kehoe and Ruhl (2013) to measure the change in the extensive, or new goods, margin of trade between Japan and China after China’s entry into the World Trade Organization in 2001. The new goods account for 15.9% of Japanese exports to China and 22% of Chinese exports to Japan after trade liberalization. For the case of Chinese exports to Japan, a time...

A two-country model of oligopoly in general equilibrium is used to show how changes in market structure accompany the process of trade and capital market liberalisation. The model predicts that bilateral mergers in which low-cost firms buy out higher-cost foreign rivals are profitable under Cournot competition. With symmetric countries, welfare may rise or fall, though the distribution of incom...

The present paper contributes to the theoretical analysis of the human capital investment and participation decision of heterogeneous workers in the search and matching framework‎. ‎Its aim is to characterize the equilibrium and to identify the efficiency‎. ‎Here‎, the paper studies search equilibrium and matching to consider the participation decision of heterogeneous workers who have differen...

I present a theory of optimal multilateral trade agreements with public political shocks. I show that “forbearance” where one country withholds retaliation when its trading partner receives a shock is a feature of an optimal agreement. This provides a rationale for countries not acting on retaliatory rights granted under GATT. I show that there is a limit to forbearance allowable in a self-enfo...

We study the evolution of comparative advantage in a model with two countries and`≥ 2 goods. We show that the stochastically stable set consists of the pattern of production that follows the chain of comparative advantage in a sufficiently large world economy. Also, the chain of comparative advantage has an elegant structure that allows for step-by-step evolution. So convergence towards the equ...