Trade Patterns and Export Pricing Under Non-CES Preferences
Austrian Institute of Economic Research, Vienna Institute for International Economic Studies, Computing Centre for Economics and Social Sciences , 2013. No. 124.
We develop a two-factor, two-sector trade model of monopolistic competition with variable elasticity of substitution. Firm profit and firm size may increase or decrease with market integration depending on the degree of asymmetry between countries. The country in which capital is relatively abundant is a net exporter of the manufactured good, while both firms' size and profits are lower in this country than in the country where capital is relatively scarce. By contrast, the pricing policy adopted by firms does not depend on capital endowment and country asymmetry. It is determined by the nature of preferences: when demand elasticity increases (decreases) with consumption, firms practice dumping (reverse-dumping).
, , et al., Journal of Economic Structures 2020 Vol. 9 P. 1-12
The paper develops a two-country monopolistic competition model of trade featuring country-specifc consumer tastes. The accounting for heterogeneity in tastes is achieved by assuming diferent elasticities of substitution in the CES utility function for diferent country consumers. The proposed framework extends the canonical Krugman’s approach by revealing new efects regarding markups response to consumer heterogeneity ...
Added: October 10, 2020
Структура факторов производства и интеграция рынков в двухфакторной модели монополистической конкуренции
, , , Пространственная экономика 2013 № 3 С. 10-29
We study the impact of trade liberalization on the market of a differentiated good and consumers’ welfare. The economy involves two factors of production: labor and capital. We find that consumers always gain from trade liberalization. We also establish that the behavior of equilibrium price is independent of factor endowments’ structure in the countries involved ...
Added: November 18, 2013
, , et al., Journal of International Economics 2009 No. 79 P. 259-265
Added: November 23, 2013
, , / Высшая школа экономики. Series WP BRP "Economics/EC". 2016. No. WP BRP 131/EC/2016.
The paper considers a two-country trade model of monopolistic competition featuring the heterogeneity of consumer preferences both within and across countries. The incorporation of heterogeneity into a traditional monopolistic competition setting is achieved by assuming different elasticities of substitution in the CES utility function for different consumers. The proposed setup expands on the traditional model ...
Added: April 1, 2016
, , , / Высшая школа экономики. Series WP BRP "Economics/EC". 2014. No. WP BRP 54/EC/2014.
We develop a two-factor, two-sector trade model of monopolistic competition with variable elasticity of substitution. Firms' profits and sizes may increase or decrease with market integration depending on the degree of asymmetry between countries. The country in which capital is relatively abundant is a net exporter of the manufactured good, although both firm sizes and ...
Added: April 3, 2014
, , , Journal of International Economics 2014 No. 94 P. 129-142
We develop a two-factor, two-sector trade model of monopolistic competition with variable elasticity of sub- stitution. Firms' prots and sizes may increase or decrease with market integration depending on the degree of asymmetry between countries. The country in which capital is relatively abundant is a net exporter of the manu- factured good, although both rm ...
Added: June 19, 2014
, , Финансы: теория и практика 2016 Т. 20 № 6 С. 78-84
In the article the analysis of the influence of economic sanctions on the processes of Russia’s political and economic self-identification is carried out. Also the evaluation of reciprocal measures of Russia is carried out. The conducted research has shown that for stabilization of Russian economy it is necessary not only to re-direct the foreign trade relations, but also to ...
Added: September 15, 2016
, / Economics Education and Research Consortium. Series "EERC Working Paper Series". 2010. No. 10/03E.
In Russia the chain-stores gained a considerable market power. In the paper we combine a Dixit-Stiglitz industry with a monopolistic retailer. The questions addressed are: Does the retailer always deteriorate welfare, prices and variety of goods? Which market structure is worse: Nash or Stackelberg behavior? What should be the public policy in this area? ...
Added: November 17, 2013
, , The Scandinavian Journal of Economics 2019 Vol. 121 No. 3 P. 1244-1269
Standard measures of competitive toughness fail to capture the fact that, as consumers optimize intertemporally, firms operating today compete with (yet non-existent) businesses which will be started tomorrow. We develop a two-tier CES model of dynamic monopolistic competition in which the impact of product differentiation on the market outcome depends crucially on the elasticity of ...
Added: January 9, 2018
Развитие национальных экономик в рамках ГЦСС: причины и формы встраивания стран в глобальные цепочки создания стоимости
, , , Вестник Университета (Государственный университет управления) 2014 № 4 С. 107-116
Contemporary research of different international organizations such as OECD, WTO and UNCTAD concentrate more on global value chains (GVCs) analysis. The article is devoted to reasons for rising fragmentation of production in the world economy and forms of participation in GVCs, which are chosen by countries. The article demonstrates theoretical framework for various forms of ...
Added: May 1, 2014
БРИКС и партнерство в интересах устойчивого развития: перспективы развития торговли с наименее развитыми странами
, , Вестник международных организаций: образование, наука, новая экономика 2021 Т. 16 № 1 С. 85-106
The informal BRICS group (Brazil, Russia, India, China and South Africa) is actively working to solve the most acute global problems. This is why opportunities for implementing the sustainable development goals (SDGs) at BRICS summits is a topic for urgent research. This article discusses the prospects for achieving SDG 17.11 by the least developed countries ...
Added: June 21, 2021
, , Экономический журнал Высшей школы экономики 2017 Т. 21 № 1 С. 9-31
We study the consequences of opening trade between developed and developing countries. To this end, we develop a two-factor general equilibrium model of international trade with variable markups and two countries which differ in relative factor endowments. We show that the more developed country (a country with a higher relative capital endowment) is characterized by ...
Added: March 9, 2017
, , , Международная экономика 2014 № 3 С. 17-29
Trade restrictions on the way to “green” economy: a survival tool or a new protectionism The article considered the new risks of controls in national and international trade that affect the conditions of access of goods to national markets and the development of protectionism. The authors argue that the international community developed mechanisms to protect ...
Added: October 13, 2014
, Advances in Economics and Business 2013 Vol. 1 No. 2 P. 145-149
The paper investigates distributional effects and market structure in a one-sector model of monopolistic competition with heterogeneous consumers. By using the CES utility function depending on consumer’s personal income the paper shows how the equilibrium prices, firm size and number of firms depend upon income distribution and intensity of competition. The proposed model extends the ...
Added: November 13, 2013
, , Пространственная экономика 2014 № 3 С. 12-25
The article deals with the theory of monopolistic competition under demand uncertainty. The authors consider the economy with labor immobility consisting of the high-tech sector with monopolistic competition and the standard sector with perfect competition. Preferences between sectors are specified by the Cobb – Douglas production function. It is assumed that companies make output decisions under ...
Added: January 16, 2015
, , Мировая экономика и международные отношения 2019 № 4 С. 14-21
Participation of a country in global value chains is highly dependent on types of interaction with its major trading partners. The purpose of current research is to uncover the US influence on the Canadian pharmaceutical industry insertion into global value chains. The first part of the analysis is devoted to key trends of the US ...
Added: March 14, 2019
, Известия Уральского федерального университета. Серия 3: Общественные науки 2011 Т. 88 № 1 С. 112-123
The article is devoted to the analysis of trends in international trade development in Russia in the period following trade liberalization. Using statistical data analysis changes in scale and the structure of international trade since the first years of economic reforms in Russia are estimated. ...
Added: November 14, 2012
Islamic finance and food commodity trading: is there a chance to hedge against price volatility and enhance food security?
, , Heliyon 2020 Vol. 6 No. 11 P. E05355
This paper evaluates current food commodity trading from the Shariah point of view, which is particularly relevant for the MENA region. It focuses on futures contracts as the main instrument for grain trading and analyzes the traders’ activities. Through a qualitative and multifaceted approach, the paper accumulates and evaluates the suggestions for 15 Shariah-based alternatives ...
Added: November 2, 2020
, , М. : [б.и.], 2020
Article describes the current SDGs implementation by the BRICS countries. A general analysis LDCs and BRICS mutual trade shows a low involvement of least developed countries in trade with BRICS. Further the focus of the methodology of the study lies in computations of two trade indices and identification of new clusters of LDCs. The export ...
Added: November 27, 2020
, , / EERC. Series "Labor markets and social policy". 2015. No. 15/03E.
The present paper extends the traditional Dixit and Stiglitz set-up by introducing consumers’ workers’ heterogeneity into a general equilibrium model of monopolistic competition. The model obtains a closed-form solution for a symmetric equilibrium and shows how the market outcome depends on the joint distribution of consumers’/workers’ taste and labor productivities. In contrast to the traditional ...
Added: March 8, 2016
, , , Горизонты экономики 2017 № 1 С. 49-56
In recent years, more and more actively discussed questions about the prospects for the existence of the multilateral trading system as a system of WTO agreements and associated organizations and institutions that share and contribute to putting into practice the basic principles and rules of the WTO in the field of regulation of international trade. ...
Added: September 25, 2018
Экономическая теория и хозяйственная практика: глобальные вызовы. Материалы международной конференции "Эволюция международной торговой системы: проблемы и перспективы - 2016"
СПб. : Санкт-Петербургский государственный университет, 2016
This collection includes scientific reports presented for participation in the International Conference: "The Evolution of the Global Trade System: problems and prospects" which took place on October 20-22, 2016 in St.Petersburg ...
Added: March 10, 2017
, , , / CESifo Group Munich. Series "CESifo working paper". 2018. No. WP6965.
We develop a general equilibrium model of monopolistic competition with a traded and a nontraded sector. Using a broad class of homothetic preferences—that generate variable markups, display a simple behavior of their elasticity of substitution, and nest the ces as a limiting case— we show that trade liberalization: (i) reduces domestic markups and increases imported ...
Added: April 26, 2018
Включение национальных экономик в глобальные цепочки стоимости: изменение парадигмы организации внешнеэкономических связей
, , , Современная конкуренция 2014 № 2 (44) С. 37-54
Nowadays research of different international economic organizations concentrate more on global value chains (GVCs) analysis. Production processes of majority of goods are not limited to the production in a single country. Furthermore, involvement in different stages of production depends on the level of technological and innovative development of the country as well as on the ...
Added: May 1, 2014