International Trade and Industrial Policy in Discrete Choice Models of Love of Variety - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Trade and Industrial Policy in Discrete Choice Models of Love of Variety write by Ningwei Liu. This book was released on 2005. International Trade and Industrial Policy in Discrete Choice Models of Love of Variety available in PDF, EPUB and Kindle. Consider an individual who is confronted with a set of mutually exclusive alternatives and who must make a choice among them. The neoclassical economist's approach to this problem is to assume the consumer's choice process is deterministic. Reality, however, tells a different story. For example, when an individual must make repeated choices between two alternatives under similar circumstances, sometimes one and sometimes the other will be chosen. Such behavior reflects fluctuations inherent in the process of evaluating alternatives, which suggests that the deterministic choice model is not always satisfactory as an explanatory tool. Discrete choice approach provides an ideal way for describing the demands for differentiated products, since it deals explicitly with a population of heterogeneous consumers making mutually exclusive choices from a set of substitutable goods. Under the framework of discrete choice models of love of variety, this dissertation, firstly through developing a general equilibrium monopolistic competition model, studies market structure under autarky as well as under free trade. The results show that ceteris paribus, the larger is the love of variety index, the more is the equilibrium number of firms in the differentiated good industry. Moreover, under free trade, the equilibrium number of firms in the more (less) efficient country will expand (shrink). As a consequence, the efficiency composition of the industry in the more (less) efficient country will worsen (improve). It is also interesting to reveal that the equilibrium price for each variant is uniformly marked up by the same amount, which is equal to the index of the degree of love of variety. This dissertation then further researches into some economic policy issues. In the study of the excessive competition, it is shown that there is always excess entry when there are only domestic, firms in the industry. However, whenever there are FDIs in the economy, the theorem is not applicable. Finally, the dissertation examines the optimal subsidy policy. The results show that the policy has nothing to do with the improvement of social welfare if the subsidy is symmetric. But if only the foreign firms "enjoy" the policy, the optimal policy would be taxing them. A real subsidy may happen only when the foreign firms are very inefficient compared to the domestic firm. In this situation, the host country gains a lot from employment improvement.
Journal of Economic Literature
Journal of Economic Literature - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Journal of Economic Literature write by . This book was released on 2006-12. Journal of Economic Literature available in PDF, EPUB and Kindle.
Econometric Models For Industrial Organization
Econometric Models For Industrial Organization - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Econometric Models For Industrial Organization write by Matthew Shum. This book was released on 2016-12-14. Econometric Models For Industrial Organization available in PDF, EPUB and Kindle. Economic Models for Industrial Organization focuses on the specification and estimation of econometric models for research in industrial organization. In recent decades, empirical work in industrial organization has moved towards dynamic and equilibrium models, involving econometric methods which have features distinct from those used in other areas of applied economics. These lecture notes, aimed for a first or second-year PhD course, motivate and explain these econometric methods, starting from simple models and building to models with the complexity observed in typical research papers. The covered topics include discrete-choice demand analysis, models of dynamic behavior and dynamic games, multiple equilibria in entry games and partial identification, and auction models.
Monopsony in Motion
Monopsony in Motion - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Monopsony in Motion write by Alan Manning. This book was released on 2013-12-03. Monopsony in Motion available in PDF, EPUB and Kindle. What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject.
The Oxford Handbook of Productivity Analysis
The Oxford Handbook of Productivity Analysis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Oxford Handbook of Productivity Analysis write by Emili Grifell-Tatjé. This book was released on 2018-08-07. The Oxford Handbook of Productivity Analysis available in PDF, EPUB and Kindle. Productivity underpins business success and national well-being and thus it is crucial to understand the factors that influence productivity growth. This volume provides a comprehensive exploration into the significance of productivity growth for business, the economy, and for social economic progress. It examines how productivity is defined, measured and implemented. It also surveys the dispersion of productivity across time and place, focusing on the productivity dynamics that either leads to a reallocation of resources that reduces dispersion and increases aggregate productivity or, conversely, allows dispersion to persist behind barriers to productivity-enhancing reallocation. A third focus is an investigation of the drivers of, or impediments to, productivity growth, some of which are organizational in nature and under management control and others of which are institutional in nature and subject to public policy intervention. The Oxford Handbook of Productivity Analysis contains contributions of distinguished productivity experts from around the world who analyze a wide range of timely issues. These issues concern purely analytical topics surrounding the measurement of productivity in various situations, beginning with the ideal situation in which all inputs and all outputs, and their prices, are observed accurately. They also include service sectors such as education in which the services provided are hard to define, much less measure, and other sectors that generate undesirable environmental externalities that are difficult to price and complicate the very definition of productivity. The issues also involve business management topics ranging from the role of business models and benchmarking to the quality of management practices, the adoption of new technologies, and possible complementarities between the two. The relationship between productivity and business performance is also explored. At a more aggregate level the issues range from the impacts of market power, incentive regulation, international trade and global value chains on productivity, to the contribution of productivity to economic development and economic welfare.
