منابع مشابه
Endogenous Labor Supply and International Trade
It is assumed in new trade theory and new economic geography that the supply of labor is fixed, which is not true in real labor markets. We develop a model of new trade theory by incorporating an elastic labor supply and analyze the impacts of technological progress on the equilibrium outcomes of working hours and economic welfare. We first show that the labor supply curve is backward bending. ...
متن کاملEndogenous Labor Supply and International Trade
It is assumed in new trade theory and new economic geography that the supply of labor is fixed, which is not true in real labor markets. We develop a model of new trade theory by incorporating an elastic labor supply and analyze the impacts of technological progress on the equilibrium outcomes of working hours and economic welfare. We first show that the labor supply curve is backward bending. ...
متن کاملInternational Sourcing and Supply Chain Stability
An international supply chain is conceptualized as a complex, dynamic system in which disruptions interact with long shipping and lead times to generate costs. Findings from a case study and simulation model indicate that demand-related disruptions created substantial and unexpected costs in terms of expedited shipping, high inventories, and lower demand fulfillment. Production-related disrupti...
متن کاملOil Supply Shocks and International Policy Coordination
This paper examines the value of international cooperation in an oil supply disruption. The perspective is that of oil-importing countries; since the oil market is integrated internationally, the actions of one have spillover effects on the others. We focus on bulTer stock policies, with each player maximizing the present value of national income less the cost of operating the stockpile program...
متن کاملInternational Portfolios with Demand and Supply Shocks
In the past twenty years, both gross and net capital flows have increased to unprecedented levels (see Lane and Milesi-Ferretti b, 2006). In industrialized countries, this has been the case for both stocks and bonds. One consequence of this period of financial integration is that gross financial positions now exceed 100% of GDP in several industrialized countries. This also means that differenc...
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ژورنال
عنوان ژورنال: Agricultural Economics
سال: 1988
ISSN: 0169-5150,1574-0862
DOI: 10.1111/j.1574-0862.1988.tb00065.x