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作者：ANDERSON, JE
摘要：Domino dumping [Anderson (American Economic Review, 1992, 82, 65-83)] arises when exporting firms dump to obtain more export licenses in the future when there is a positive probability of a future VER. Anti-dumping policy may then be in the public interest for the importing country, via lowering the probability of a VER. Increased enforcement may perversely lead to a rise in dumping. Also it may increase the probability of a VER and may reduce the probability of free trade. It is possible for ...
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作者：WRIGHT, DJ
摘要：In this paper, an information asymmetry concerning technology type and the cost of operating across national boundaries interact with location considerations to determine whether international technology transfer occurs via the export of goods, subsidiaries, or licensing. It is shown that market share restrictions and per-unit royalties can signal technology type and make licensing the most attractive option. In addition, it is shown that policies which restrict the mode of technology transfer...
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作者：GAGNON, JE
摘要：Theoretical research has shown that under reasonable assumptions exchange rate variability ought to depress the level of trade. This paper builds a theoretical model designed to exaggerate the negative effect of exchange rate variability on trade in order to calibrate an upper bound to the potential size of this effect. Numerical analysis demonstrates that exchange rate variability of the magnitude currently observed among industrial countries has an insignificant effect on the level of trade....
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作者：MANN, C
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作者：KINDLEBERGER, C
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作者：KLEIN, MW; LEWIS, KK
作者单位：University of Pennsylvania; National Bureau of Economic Research
摘要：This paper provides a framework for evaluating how market participants' beliefs about foreign exchange target zones change as they learn about central bank intervention policy. We generalize the standard target-zone model to allow for intra-marginal intervention. Intra-marginal intervention implies that market participants' beliefs about the target zone can be determined from their beliefs about the likelihood of intervention. We then estimate a daily probability of intervention model for the ...
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作者：DINOPOULOS, E; OEHMKE, JF; SEGERSTROM, PS
作者单位：Michigan State University
摘要：This paper develops a dynamic general equilibrium model of international research and development (R&D) competition based on the Heckscher-Ohlin structure of production. We analyze the model's unique steady-state equilibrium in which both R&D expenditures and the rate at which firms discover new superior products are constant over time. The model generates intraindustry trade. interindustry trade, product cycles and multinational corporations even when factor price equalization prevails across...
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作者：HWANG, HS; SCHULMAN, CT
作者单位：University of Arkansas System; University of Arkansas Fayetteville; Texas A&M University System; Texas A&M University College Station
摘要：This paper analyzes a game of strategic trade policy between governments who may choose among quantity controls. subsidies, and non-intervention as policy instruments. Central to the analysis is our view of non-intervention as a distinct policy choice. We derive conditions under which non-intervention is strictly preferred to the alternative instruments. Preferences between non-intervention and the Nash equilibrium subsidy confirm to a simple distance measure involving the Stackelberg leadersh...
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作者：LUDEMA, R
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作者：CANZONERI, MB; DIBA, BT
摘要：Some proponents of a European monetary union worry that capital mobility and currency substitution will result in unmanageable exchange rate volatility during the transition to monetary union. In this paper we analyze stylized models of exchange rate fluctuation in response to monetary disturbances. We find that if monetary policies within the Community are convergent, higher currency substitution either reduces or does not significantly change the volatility of exchange rates unless there are...
