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Now showing items 921-930 of 963
On the Relationship between Preferential and Multilateral Trade Liberalization: The Case of Customs Unions
(Vanderbilt University, 2011)
This paper analyzes a game of trade policy (called Bilateralism) between three countries in which each country chooses whether to liberalize trade preferentially in the form of a Customs Union (CU), multilaterally, or not ...
Do Sticky Prices Increase Real Exchange Rate Volatility at the Sector Level?
(Vanderbilt University, 2011)
We introduce the real exchange rate volatility curve as a useful device to understand the relationship between price stickiness and the fluctuations in Law of One Price deviations. In the presence of both nominal and real ...
Strategic Competition and Optimal Parallel Import Policy
(Vanderbilt University, 2011)
This paper shows that parallel import policy can act as an instrument of strategic trade policy. We demonstrate this result in two-country international duopoly where a domestic monopolist competes with a rival firm in the ...
Developing Country Second-Mover Advantage in Competition over Environmental Standards and Taxes
(Vanderbilt University, 2011)
We show that, in competition between a developed country and a developing country over environmental standards and taxes, the developing country may have a `second-mover advantage.' In our model, firms do not unanimously ...
International Risk-Sharing and Commodity Prices
(Vanderbilt University, 2011)
Cole and Obstfeld (1991) exposited a classic result where equilibrium movements in the terms of trade could make ex ante risk-sharing arrangements unnecessary: a unity elasticity of substitution across goods and production ...
Living with a Monetary System infected by Bubbles
(Vanderbilt University, 2011)
I study the real effects of bubbles in a price-settingenvironment. Bubbles cause price dispersion and overinvestment in assets that are overvalued. And when they pop some goods are not sold and capacity is not fully utilized. ...
A Dynamic Model of Lawsuit Joinder and Settlement
(Vanderbilt University, 2009)
In this paper we examine a dynamic model of the process by which multiple related lawsuits may be filed and combined; we also examine actions a defendant may employ that may disrupt the formation of a joint suit. Our initial ...
Matriculation In Economics Us Ph.D. Programs: How Many Accepted Americans Do Not Enroll?
(Vanderbilt University, 2006)
Using a sample of 26 U.S. economics Ph.D. programs in Fall 2003, we estimate that only about 12 percent of the U.S. and Canadian students accepted for doctoral study did not enroll in any U.S. economics Ph.D. program in ...
Developing Country Second-Mover Advantage in Competition Over Standards and Taxes
(Vanderbilt University, 2009)
We show that, in competition between a developed country and a developing country over environmental standards and taxes, the developing country may have a 'second-mover advantage.' In our model, firms do not unanimously ...
Where Are They Now? Tracking the Ph.D. Class of 1997
(Vanderbilt University, 2006)
We report early career outcomes of economics Ph.D.s by tracking the U.S. class of 1996-97. We examine employment outcomes, work activities, salaries, and graduates' attitudes toward their jobs. By 2003, all of the respondents ...