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作者：STAIGER, RW; WOLAK, FA
作者单位：National Bureau of Economic Research
摘要：We analyze the effects of antidumping law when utilized by competitive domestic petitioners against a foreign monopolist. The monopolist reduces the cost of holding excess capacity in periods of slack foreign demand by dumping on the domestic market. Antidumping law reduces trade volume both directly (under successful petitions), and indirectly (when no petition is filed) by causing the monopolist to alter its capacity and the allocation of that capacity between markets. Finally, we consider t...
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作者：GOLDBERG, L; SPIEGEL, MM
作者单位：New York University
摘要：'Debt overhang' models have motivated the possibility of Pareto-improving market-based debt-reduction schemes through the assumption that creditors can seize debtor output under default. These models usually reach the conclusion that both debtor-financed debt repurchases and debt-equity swaps are not in the interest of debtor nations. This paper re-examines these conclusions for a debtor nation that also has a 'safe sector' which is unexposed to seizure. Debt overhangs are then shown to distor...
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作者：HUTCHISON, M; WALSH, CE
作者单位：Federal Reserve System - USA
摘要：This paper investigates whether Japanese output stability since the mid-1970s is attributable to the change in exchange rate regime or to the changing nature of underlying disturbances. We decompose foreign and domestic influences on output movements using restrictions on the long-run dynamics to identify the disturbances. We find that the flexible exchange rate regime is more effective in insulating the economy from foreign disturbances than is the fixed rate regime. However, in the case of J...
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作者：ISHIKAWA, J
作者单位：Hitotsubashi University
摘要：This paper considers a model with one primary factor, one intermediate good, and two final goods. Increasing returns to scale are introduced into the production of the intermediate good to analyze trade patterns and gains from trade with two assumptions about the market structure of the intermediate good: average cost pricing and monopoly. Free trade does not necessarily lead to gains for the economy and either specialization or multiple equilibria are obtained. This paper also provides intere...
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作者：ARNDT, SW
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作者：DOOLEY, MP; HELPMAN, E
作者单位：Tel Aviv University
摘要：The incentives for domestic investment in debtor countries are influenced by the terms of their external obligations and by the system of taxation utilized to provide government revenue for debt payments. It is well known that existing debt contracts could be altered to improve the incentives for investment, but this has proven difficult to accomplish, perhaps because individual creditors have incentives not to agree to such changes. In this paper we show that a simple tax credit scheme that c...
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作者：BOND, E
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作者：GHOSH, AR
摘要：The portfolio balance channel for sterilised intervention is tested by examining the effects of changes in relative asset supplies on the dollar-Deutschemark rate during the 1980s. In contrast to previous studies. we control for any signalling effects of central bank intervention and find a weak, but statistically significant, portfolio balance influence on the exchange rate.
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作者：MOORE, MO; SURANOVIC, SM
作者单位：George Washington University
摘要：Import-competing industries in many democracies can pursue import relief via administered protection (AP) procedures or can lobby politicians directly. In this paper an industry chooses the option that maximizes expected profits. Both the AP and lobbying processes require a fixed resource cost and have an associated subjective probability of success. We show that policy reforms that decrease the probability of success under administered protection or lobbying may reduce expected national welfa...
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作者：HORSTMANN, IJ; MARKUSEN, JR
作者单位：University of Colorado System; University of Colorado Boulder; National Bureau of Economic Research
摘要：Almost all of the large literature on international trade with imperfect competition assumes exogenous market structures. The purpose of this paper is to develop a simple model that generates alternative market structures as Nash equilibria for different parameterizations of the basic model. Equilibrium market structure is a function of the underlying technology. Familiar configurations such as a duopoly competing in exports or a single multinational producing in both markets arise as special ...
