In a three-country oligopoly model, this paper analyzes two countries’ decisions concerning antidumping (AD) action against each other and the relationship between those decisions and the countries’ RTAs with the third-country. An RTA intensifies product-market competition in the domestic market and lowers product prices. This effect widens the dumping margin of the foreign firm and narrows the...

The authors use a panel data regression model to examine the effects of main monetary policy instruments on commercial bank risks in China from 1998 to 2011. The interest rate has a positive effect on bank risk while the interest rate margin, the reserve requirement ratio and open market operation have a negative effect. Among the three monetary policy instruments, the reserve requirement ratio...

the aim of this study is to explore the feasibility of setting up a commodities futures market in iran. specifications for the margin requirements, daily price movement limits, the length of expiration intervals, tick sizes and contract size of various potential future contracts are hereby examined. saffron, pistachio and rice emerge as the three suitable iranian agricultural commodities. a new...

Congress extended the crop insurance program to livestock with the Agricultural Risk Protection Act (ARPA) of 2000. Two livestock insurance products, Livestock Risk Protection (LRP) and Livestock Gross Margin (LGM), were subsequently approved by FCIC for sale beginning in the summer of 2002. Originally, LRP offered insurance against unexpected declines in the market price of hogs in Iowa. In 20...

We examine the relationship between market structure and the persistence of US dollar-based sectoral real exchange rates for 14 OECD countries. Our empirical results based on disaggregated data suggest that differences in market structure significantly determine the rates at which deviations from sectoral purchasing power parity decay. Specifically, industries with a larger price-cost margin ar...

Motivated by the smartphone industry, this paper studies a duopoly channel consisting of high-end firm and low-end firm. The sells its own brand at high profit margin. low margin, but can choose to differentiate collecting remanufacturing cores, thereby entering more lucrative market. We investigate how equilibrium strategies both firms are influenced cost structure customers’ valuation. derive...

This paper solves the optimal futures hedging problem in several simple continuous-time settings, and examines the resultant equilibrium in one case. Spot and futures prices are described by vector diffusion processes. A hedge is a vector stochastic process specifying a futures position in each futures market. Hedging profits and losses are marked to market in an interest-bearing (or interest-p...

This paper examines the effects of a private sector prison work program called the Prison Industry Enhancement Certification Program (PIECP) on unemployment duration, length of formal employment, and earnings of men and women released from various state prisons between 1996 and 2001. The labor market dynamics of formerly incarcerated men and women are also investigated. The program is found to ...