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Author: Madhura Maitra Publisher: ISBN: Category : Languages : en Pages :
Book Description
In this framework I show that a fall in the cost of offshoring increases average wage in the offshoring firm due to a rent sharing effect. This effect can be further reinforced or weakened by an accompanying skill composition effect. Average wages in the non-offshoring firms decline due to a rent sharing effect only; there is no skill composition effect for these firms in the model.
Author: Madhura Maitra Publisher: ISBN: Category : Languages : en Pages :
Book Description
In this framework I show that a fall in the cost of offshoring increases average wage in the offshoring firm due to a rent sharing effect. This effect can be further reinforced or weakened by an accompanying skill composition effect. Average wages in the non-offshoring firms decline due to a rent sharing effect only; there is no skill composition effect for these firms in the model.
Author: Anson Benjamin Soderbery Publisher: ISBN: 9781124908502 Category : Languages : en Pages :
Book Description
This dissertation discusses the role firms behavior takes in shaping our understanding of international trade. It discusses the impact on well held theoretical and empirical results from international trade when accounting for commonalities in firm behavior that distort the economy. Chapter 1 develops a model of international trade where firms are heterogeneous across two dimensions: capacity and productivity. Capacity constraints rationalize empirical results that are anomalous to new trade theory. When capacity is relatively abundant, the model predicts stronger competition (selection) in larger markets. Con- versely, when capacity is relatively "tight" constrained firms weaken competition and boost the average price level in larger markets - similar to tacit collusion. Under inter- national trade, constrained firms choose to sell a greater fraction of their production in the largest accessible market. Capacity constraints can thus magnify (dampen) domestic price and competition distortions when foreign markets are relatively large (small). Chapter 2 addresses biases in estimates of the impact of product variety on prices and welfare when market structure is inaccurately defined. We employ a market- based data set on the U.S. automobile market that allows us to define goods varieties at a more precise level, as well as discern location of production and ownership of varieties. Our estimates of price and welfare changes from new varieties in the U.S. automobile sector are twice as large as standard estimates when using our detailed market-based data. We also show that new varieties introduced by foreign-owned affiliates provided an additional 70% welfare gain during our sample. Chapter 3 notes that estimates of consumer gains from imported products rely on Feenstra (1994)'s method to estimate elasticities of substitution. Through a Monte Carlo experiment, simulated estimates suggest substantial biases due to weak instruments. However, the derivation of the elasticity of substitution drastically mitigates these biases.
Author: Murray C. Kemp Publisher: Routledge ISBN: 1134792026 Category : Business & Economics Languages : en Pages : 417
Book Description
This book focuses on the normative side of trade theory and is divided into five parts: * trade under perfect competition; * restricted trade under perfect competition; * trade under imperfect competition and other distortions; * Compensation: lumpsum, non-lumpsum or neither? * International trade
Author: Su Wang (Ph. D.) Publisher: ISBN: Category : Languages : en Pages : 152
Book Description
This thesis consists of three essays about international trade and wage inequality. Essay I characterizes optimal trade and FDI policies in a model with monopolistic competition and firm-level heterogeneity similar to Helpman et al. (2004). I find that both the optimal import tariffs and the optimal FDI subsidies discriminate against the more profitable foreign firms. This is because of the existence of a wedge between the private incentives of exporting and FDI firms, and the incentive of the representative agent. Essay II develops an elementary theory of global supply chains. It considers a world economy with an arbitrary number of countries, one factor of production, a continuum of intermediate goods, and one final good. Production of the final good is sequential and subject to mistakes. In the unique free trade equilibrium, countries with lower probabilities of making mistakes at all stages specialize in later stages of production. Using this simple theoretical framework, it offers a first look at how vertical specialization shapes the interdependence of nations. Essay III proposes a model that has as ingredients heterogeneity of workers and firms, complementarity between occupations within each firm and complementarity between workers and firms/occupations. The competitive equilibrium features positive assortative matching and leads to both within- and between- firm wage variations. Comparative static results are then derived to generate new insights about changes in these components of wage inequality.
Author: Geun Tae Lee Publisher: ISBN: 9780542888861 Category : Languages : en Pages : 258
Book Description
The present dissertation consists of two topics related to international trade. The first topic combines Free Trade Agreement (FTA) with vertical specialization. By adding vertical production relationship in Krishna's (1998) model using a double marginalization framework, we can check how firms' preferences change for bilateral arrangements according to the partner country's position in global vertical specialization. The conclusion is that countries prefer their partner standing on the opposite side in the spectrum of vertical specialization.
Author: Madhura Maitra
Author: Madhura Maitra
Author: Anson Benjamin Soderbery
Author: Murray C. Kemp
Author: Phillip Swagel
Author: Su Wang (Ph. D.)
Author: Luca David Opromolla
Author: Martin Alfaro
Author: Geun Tae Lee
Author: Eric O'Neill Fisher
Author: Başak Dalgıç