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General equilibrium effects of import constraints under variable labour supply, public goods and income taxation
(1999)
We consider a general equilibrium trade model of a small open economy with a representative consumer, where labour supply is variable, where imports are restricted by a small tariff, a quota or a voluntary export restraint ...
Why free trade may hurt developing countries
(1997)
This paper builds a general equilibrium trade model where a country produces two traded goods and one nontraded public consumption good. The government finances the provision of the public good by taxing the incomes of ...
How robust is majority voting as a social choice rule?
(2014)
This article strengthens existing analysis concerning the effectiveness of majority rule. It demonstrates a one-to-one equivalence between the basic issue of social choice theory (the problem of selection of a well-functioning ...
On modelling speculative prices: the empirical literature
(2001)
Traditionally, financial theory and in particular asset pricing models have assumed (implicitly or explicitly) a certain probabilistic structure for speculative prices. The probabilistic structure is usually defined in ...
Quality standards for used durables: An indirect subsidy?
(2008)
We construct a theoretical framework to study the impact of quality standards for used durable goods on trade flligatureows, profiligaturets and consumer welfare. We show that asymmetric quality standards generate trade ...
Guest worker programs: A theoretical analysis of welfare of the host and source countries*
(2013)
This article examines the interaction between migration policies of the host and source countries in the context of a model of guest-worker migration. For the host, the objective is to provide low-cost labor for its employers ...
Welfare effects of migration in societies with indirect taxes, income transfers and public good provision
(2001)
We construct a general equilibrium trade model of a two-class small open host or source country. When consumption tax revenue finances the provision of a public good, marginal migration reduces social welfare in the source ...
Failure to launch? The role of land inequality in transition delays
(2013)
This paper provides empirical support for one theory of transition delays: initial land inequality. Using a new historical dataset for land inequality (Frankema, 2009) we employ duration analysis to investigate whether ...
R&D, innovation, and technological progress: A test of the Schumpeterian framework without scale effects
(2003)
I use U.S. manufacturing industry data to estimate a system of three equations implied by a model of R&D-induced growth in steady state. These equations relate R&D intensity to patenting, patenting to technological progress, ...