We characterize optimal trade and industrial policy in dynamic oligopolistic markets. If governments can commit to future policies, optimal first-period intervention should diverge from the profit-shifting benchmark to an ...
Contingent Valuation is now the most widely used method for valuing non-marketed goods in cost benefit analysis. Yet, despite the fact that many externalities manifest themselves as costs to some and benefits to others, ...
This paper compares adversarial with cooperative industrial and trade policies in a dynamic oligopoly game in which a home and foreign firm compete in R&D and output and,
because of spillovers, each firm benefits from the ...
Walsh, Brendan M.(University College Dublin. School of Economics, 1996-03)
This paper examines the Irish macroeconomic adjustment over the period since 1979
with particular reference to the interaction of the real exchange rate with the balance between national saving and investment. The transition ...
This paper considers the problem of comparing real incomes across countries. The available methods are reviewed and their performance is compared using the raw data underlying the Penn World Table. The results throw light ...