Author: Başak DalgıçPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Essays in International Trade and Firm Behaviour
Essays on the Role of Firm Behavior in International Trade
Author: Anson Benjamin SoderberyPublisher:
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.
The Gains from Trade and the Gains from Aid
Author: Murray C. KempPublisher: 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
Three Essays on Firms' Behavior in International Trade
Author: Jae Bin AhnPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
We also provide evidence that firms begin to export directly after exporting through intermediaries.
Essays on Strategic Behavior in International Trade
Author: Phillip SwagelPublisher:
ISBN:
Category : Automobile industry and trade
Languages : en
Pages : 172
Book Description
Essays on International Trade and Migration
Author: Sanne HillerPublisher:
ISBN: 9788778826121
Category :
Languages : da
Pages : 130
Book Description
Empirical Methods in International Trade
Author: Mordechai Elihau KreininPublisher: Edward Elgar Publishing
ISBN: 9781845423537
Category : Business & Economics
Languages : en
Pages : 280
Book Description
Internationalization of the world economy has made trade a key factor in the growth potential of nearly every economy. Hence, economists have become increasingly interested in the determinants of international trade and competitiveness. Empirical Models i
Essays on International Trade and Strategic Behavior
Author: Martin AlfaroEssays on Firms' Behavior in International Trade with Vertical Specialization
Author: Madhura MaitraPublisher:
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: Thomas John Prusa