A General Equilibrium Analysis of International Trade Under Imperfect Competition in Both Product and Labor Markets PDF Download

Author: Junʼichi Gotō
Publisher:
ISBN:
Category : Automobile industry and trade
Languages : en
Pages : 182

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Author: Junichi Goto
Publisher:
ISBN:
Category :
Languages : en
Pages : 162

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Author: Junʼichi Gotō
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: Junʼichi Gotō
Publisher:
ISBN:
Category : Protectionism
Languages : en
Pages : 68

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Author: Winston Chang
Publisher: Springer Science & Business Media
ISBN: 1461522498
Category : Business & Economics
Languages : en
Pages : 276

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A theoretical analysis of international trade and industrial policy, developing and using new models of trade with imperfect competition. Modeling of imperfect competition within international trade has been difficult until recent breakthroughs in this area, which have provided a more realistic view of the world economy. The book builds on the advances provided by such tools as game theory and the theory of monopolistic competition. The first section covers broad and basic trade issues which arise under imperfect competition. Section two examines implications for trade policy covering issues such as strategic trade policy in static and dynamic settings. Section three deals with various structural issues, such as optimal choice of trade liberalizing policies, the formation of trade blocks, and open dualistic economy with externalities.

Author: Jaime De Melo
Publisher: MIT Press
ISBN: 9780262041225
Category : Business & Economics
Languages : en
Pages : 320

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The authors' model is the first large-scale computer simulation of the effects of changes in U.S. import quotas.

Author: T. N. Srinivasan
Publisher:
ISBN:
Category : Computer simulation
Languages : en
Pages : 30

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Author: Junichi Goto
Publisher: World Bank Publications
ISBN:
Category : Automobile industry and trade
Languages : en
Pages : 38

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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

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In this thesis it is analyzed if promoting product market competition can help to to fight unemployment in Europe. We have used a general equilibrium model in order to study how reducing mark-ups and increasing productivity in one sector affect aggregate unemployment for an exogenously given minimum real wage. The bottom-line was that product market reforms will help to reduce aggregate unemployment under most circumstances. Modeling a microfoundation of mark-ups, we have demonstrated that different learning abilities of firms with respect to general equilibrium effects lead to different levels of unemployment. If firms, competing a la Cournot, consider only partial equilibrium effects when choosing quantities, the observation of general equilibrium feedbacks will lead to repeated quantity adjustments until a steady state is reached. We have used the above model to show that the impacts of mergers of firms on employment are rather negative. We then have examined wage bargaining between employers and labor unions. We have demonstrated that if agents do hardly consider general equilibrium effects, low real wages and low unemployment results. With an intermediate view, when partial equilibrium effects are taken into account, high real wages and unemployment results. If all general equilibrium effects are incorporated at once, again low real wages and low unemployment results. We thus have obtained a hump-shaped relationship between the extend of feedback effects incorporated by the bargaining parties and real wages or unemployment. Finally the impacts of uneven productivity improvements on employment were shown to generally remain positive when wages are set endogenously by wage bargaining.

Author:
Publisher: World Bank Publications
ISBN: 6100112140
Category :
Languages : en
Pages : 47

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