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World Integration Competitive And Bargaining Regimes Switch
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Book Synopsis World Integration, Competitive and Bargaining Regimes Switch by : Joshua Aizenman
Download or read book World Integration, Competitive and Bargaining Regimes Switch written by Joshua Aizenman and published by . This book was released on 1989 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to study the role of an endogenous switch from a competitive to a bargaining international equilibrium. We consider two trading blocks, which can engage in a free-market determined trade, or a bargaining dictated trade. Bargaining can be called for by either pany, and it may involve a fixed real cost. We propose a framework in order to deal with these issues. We apply such a framework to a symmetric global environment, where the bargaining equilibrium is shown to offer an international diversification of the countryspecific shocks, whereas the competitive equilibrium retains the country specific nature of the shocks. The degree of trade dependency is shown to determine the risk diversification achieved via the bargaining process, the frequency of bargaining, and the volume of trade. An increase in the relative importance of the trade dependent activities is associated with greater international diversification of country-specific shocks, and with a greater frequency of bargaining. We derive the optimal investment -- less costly bargaining will move us towards a comer solution, where trade dependency and local shock diversification are maximized. With positive bargaining costs, we will observe an internal solution with smaller diversification of local shocks. In such an environment the choice of optimal trade dependency balances at the margin the expected diversification against the costs of bargaining.
Book Synopsis Negotiating Our Way Up Collective Bargaining in a Changing World of Work by : OECD
Download or read book Negotiating Our Way Up Collective Bargaining in a Changing World of Work written by OECD and published by OECD Publishing. This book was released on 2019-11-18 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collective bargaining and workers’ voice are often discussed in the past rather than in the future tense, but can they play a role in the context of a rapidly changing world of work? This report provides a comprehensive assessment of the functioning of collective bargaining systems and workers’ voice arrangements across OECD countries, and new insights on their effect on labour market performance today.
Book Synopsis Contents of Recent Economics Journals by :
Download or read book Contents of Recent Economics Journals written by and published by . This book was released on 1994-08-26 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Multi-country Study of the Information in the Term Structure about Future Inflation by : Frederic S. Mishkin
Download or read book A Multi-country Study of the Information in the Term Structure about Future Inflation written by Frederic S. Mishkin and published by . This book was released on 1989 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides evidence on what the term structure (for maturities of twelve months or less) tells us about future inflation in ten OECD countries. The empirical results on the information in the term structure contrast with those that find that the level of interest rates help forecast the future level of inflation. Instead, they indicate that for the majority of the countries in the sample, the term structure does not contain a great deal of information about the future path of inflation. The results for France, the United Kingdom and Germany tell a different story, however. In these countries, the term structure contains a highly significant amount of information about future changes in inflation. The evidence in this paper suggests that central banks for most of the countries studied here should exercise some caution in using the term structure of interest rates as a guide for assessing inflationary pressures in the economy, as is currently under consideration in the U.S. central bank. Although there is significant information in the term structure about the future path of inflation for a few of the countries, this is not a result that is true in general. The empirical evidence does reveal, however, that for every country studied except the United Kingdom, there is a great deal of information in the term structure of nominal' interest rates about the term structure of real' interest rates. This finding is an extremely useful one because it suggests that for most countries researchers can examine observable data on the nominal term structure to provide them with information about the behavior of the real' term structure.
Download or read book Working Paper Series written by and published by . This book was released on 1989 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Fisherian Time Preference and the Evolution of Capital Ownership Patterns in a Global Economy by : Kyoji Fukao
Download or read book The Fisherian Time Preference and the Evolution of Capital Ownership Patterns in a Global Economy written by Kyoji Fukao and published by . This book was released on 1989 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unions and Collective Bargaining by : Toke Aidt
Download or read book Unions and Collective Bargaining written by Toke Aidt and published by Directions in Development. This book was released on 2002 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an extensive survey and synthesis of the economic literature on trade unions and collective bargaining and their impact on micro-and macro-economic outcomes. The authors demonstrate the effects of collective bargaining in different country settings and time periods. A comprehensive reference, this book will be of interest to students and scholars of labor policy as well as to policy makers and anyone with an interest in the economic consequences of unionism.
Book Synopsis Solving Nonlinear Stochastic Growth Models by : John B. Taylor
Download or read book Solving Nonlinear Stochastic Growth Models written by John B. Taylor and published by . This book was released on 1989 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to report on a comparison of several alternative numerical solution techniques for nonlinear rational expectations models. The comparison was made by asking individual researchers to apply their different solution techniques to a simple representative agent, optimal, stochastic growth model. Decision rules as well as simulated time series are compared. The differences among the methods turned out to be quite substantial for certain aspects of the growth model. Therefore, researchers might want to be careful not to rely blindly on the results of any chosen numerical solution method in applied work.
Download or read book Work Related Abstracts written by and published by . This book was released on 1994 with total page 1052 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Shred of Evidence on Theories of Wage Stickiness by : Alan S. Blinder
Download or read book A Shred of Evidence on Theories of Wage Stickiness written by Alan S. Blinder and published by . This book was released on 1989 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: A small interview survey was undertaken to see how actual wage-setters would react to the central. ideas of several economic theories of wage stickiness. Wage cuts were surprisingly prevalent in recent years, despite the booming economy. The strongest finding was that managers believe that perceptions of fairness play a major motivational role in labor markets; and that a "fair" wage policy is a good deal more complicated than simply not cutting wages. We also found substantial evidence for money illusion and against the adverse-selection version of the efficiency wage model.
Book Synopsis Strategic Arena Switching in International Trade Negotiations by : Joachim Becker
Download or read book Strategic Arena Switching in International Trade Negotiations written by Joachim Becker and published by Routledge. This book was released on 2017-11-28 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1970s global rule-making with respect to international trade has increased in importance. Political and academic attention has been focused either on global institutions like the IMF, the World Bank, the WTO and UN organisations, or on regional blocs like the EU or NAFTA. As negotiations take place in different international arenas, these arenas themselves take on added strategic significance, with agendas pursued and switched from one arena to another, should one route be blocked. While dominant actors have sought to use arena switching to their advantage, subordinate actors have begun to reactivate alternative arenas of negotiation in order to pursue their different agendas. This book employs a multi-level and multi-arena perspective to analyze global rule-making in international trade. It explains why actors - both state and non-state actors - prefer particular arenas. It also addresses the question of which institutional designs serve the aims of specific groups best and how the rules of the different arenas are related.
Book Synopsis The International Telecommunications Regime: Domestic Preferences and Regime Change by : Juan Ratto-Nielsen
Download or read book The International Telecommunications Regime: Domestic Preferences and Regime Change written by Juan Ratto-Nielsen and published by Lulu.com. This book was released on 2009-12-26 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the evolution of the international regime in telecommunications with the main objective of furthering our understanding of the process of regime transformation. The dominant theories of international relations ' realism and institutional liberalism specify how states with shared interests use institutions to realize joint gains and to minimize the possibility of defection. But these theories have little to say about when states will attempt to change the objectives that lead them to create the international institution in the first place. The main goal of this book is to investigate and test the assumption that domestic politics by themselves can explain the dynamics of regime creation, evolution and change as it happened within the International Telecommunications Union (ITU).
Book Synopsis Foreign Direct Investment as a Commitment Mechanism in the Presence of Managed Trade by : Joshua Aizenman
Download or read book Foreign Direct Investment as a Commitment Mechanism in the Presence of Managed Trade written by Joshua Aizenman and published by . This book was released on 1992 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to evaluate the degree to which the threat of managed trade leads to foreign direct investment (FDI) in a time-consistent manner. We study the role of capital mobility in a two-countries world economy characterized by monopolistic competition. Investment decisions are implemented ex-ante, prior to the realization of productivity shocks. International trade among the countries is the outcome of either free or managed trade. An endogenous switch from free to managed trade may occur ex-post as the outcome of a cost-benefit assessment of the two countries. Under managed trade, the patterns of international commerce are determined as the outcome of costly bargaining. We identify time-inconsistent patterns of managed trade in the absence of capital mobility. Ex-post, one country will have the incentive to induce a switch to managed trade, the outcome of which is to reduce the expected welfare ex-ante. We demonstrate that capital mobility and the diversification of production achieved by the FDI alleviates this time inconsistency by reducing (potentially eliminating) the ex-post incentive of one country to switch to managed trade. Our analysis suggests that FDI induced by the threat of managed trade benefits ex-ante both the host country and the multinationals, explaining the relative tolerance toward FDI.
Book Synopsis Introducing Risky Housing and Endogenous Tenure Choice Into Portfolio-based General Equilibrium Models by : Patric H. Hendershott
Download or read book Introducing Risky Housing and Endogenous Tenure Choice Into Portfolio-based General Equilibrium Models written by Patric H. Hendershott and published by . This book was released on 1989 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Portfolio-based general equilibrium models are useful for analyzing the interaction between the structure of individual tax rates and the way.
Book Synopsis The Non-optimality of Optimal Trade Policies by : Kala Krishna
Download or read book The Non-optimality of Optimal Trade Policies written by Kala Krishna and published by . This book was released on 1989 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Economic Literature written by and published by . This book was released on 1994 with total page 1336 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Endogenous Election Timings and Political Business Cycles in Japan by : Takatoshi Itō
Download or read book Endogenous Election Timings and Political Business Cycles in Japan written by Takatoshi Itō and published by . This book was released on 1989 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper constructs a theoretical model of political business cycles in a Parliamentary system and tests predictions and hypotheses of a theoretical model against the post-war Japanese data. Unlike in a presidential system, the timing of a general election is an endogenous policy variable in a parliamentary system. Thus, one of the interesting questions in a parliamentary system is whether elections cause business cycles or economic expansions trigger general elections. Empirical analyses of the post-war Japanese experience strongly indicate that the Japanese government did not manipulate policies in anticipation of approaching elections as political business cycle theories in a presidential system indicate. Instead, general elections were usually held during times of autonomous economic expansion. In other words, the Japanese government opportunistically manipulated the timing of elections rather than the economy.
