Now showing items 1-10 of 12
Testing the imports-as-market-discipline hypothesis
(Elsevier, 1993-08)
It has long been believed that intensified international competition forces domestic firms to behave more competitively. Using Turkish data spanning the course of a dramatic trade liberalization, this notion is tested.
Firless firwoes: How preferences can interfere with the theorems of international trade
(Elsevier, 1986-02)
An example is presented of a two-country, two-factor, four-good trade model in which free trade causes factor prices to be drawn farther apart than they were in autarky. The example is equivalent to a two-good model with ...
The possibility of factor price equalization, revisited
(Elsevier, 1994-02)
This paper derives a condition for factor price equalization (FPE) in a Heckscher-Ohlin model with many goods, factors, and countries. Using Dixit and Norman's integrated world economy (IWE), two sets, called lenses, are ...
Identifying the competition
(Elsevier, 1990-05)
We propose a utility consistent method of identifying the set of competitors that a product faces. We apply the method to the 1987 U.S. new automobile market.
Strategic trade policy when firms can invest abroad: When are tariffs and quotas equivalent?
(Elsevier, 1989-08)
This paper investigates the equivalence of tariffs and quotas when the market in question is imperfectly competitive and open to direct foreign investment. The absence of a foreign supply response under a quota, so critical ...
Weak links in the chain of comparative advantage
(Elsevier, 1979-05)
This paper examines the proposition that trade in many commodities can be explained by a chain of comparative advantage. It is first shown, in a two-country, two-factor model, that trade accords with the ranking of goods ...
An interpretation of the factor content of trade
(Elsevier, 1988-02)
This paper shows that the factor content of trade can be used to indicate effects of trade on relative factor prices. Factor prices in two trading equilibria can be compared by comparing instead their two `equivalent autarky ...