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Size Inequality, Coordination Externalities and International Trade Agreements
(Vanderbilt University, 2011)
Developing countries now account for a significant fraction of both world trade and two thirds of the membership of the World Trade Organization (WTO). However, many are still individually small and thus have a limited ...
The Economics of Cloud Computing
(Vanderbilt University, 2011)
Cloud computing brings together several existing technologies including service oriented architecture, distributed grid computing, virtualization, and broadband networking to provide software, infrastructure, and platforms ...
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 ...
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 ...
Equilibrium parallel import policies and international market structure
(Vanderbilt University, 2011)
In a North-South vertically differentiated duopoly, we derive equilibrium government policies towards parallel imports (PIs). By incorporating strategic interaction at the policy-setting stage and the product market, the ...
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. ...
Incentives in Merchant Empires: Portuguese and Dutch Compensation Schemes
(Vanderbilt University, 2011)
The Portuguese and Dutch merchant empires had a similar geographic distribution with outposts all around the Indian Ocean, which they controlled and manned. Both empires faced the same problem of monitoring their agents ...
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 ...
What is Happening to the Impact of Financial Deepening on Economic Growth?
(Vanderbilt University, 2009)
Although the finance-growth relationship is now firmly entrenched in the empirical literature, we show that it is not as strong in more recent data as it was in the original studies with data for the period from 1960 to ...