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Policy Uncertainty, Trade and Welfare:Theory and Evidence for China and the U.S.
Policy Uncertainty Trade Welfare China the U.S.
2015/9/22
We examine the impact of policy uncertainty on trade and real income through firms’ export investments in general equilibrium. We quantify the trade policy causes and welfare effects of China’s export...
CONTRACTING FOR GOVERNMENT SERVICES: THEORY AND EVIDENCE FROM U.S. CITIES
GOVERNMENT SERVICES EVIDENCE FROM
2015/7/21
Local governments can provide services with their own employees or by
contracting with private or public sector providers. We develop a model
of this ‘make-or-buy’ choice that highlights the trade-o...
When to Sell Your Idea:Theory and Evidence from the Movie Industry
Decision Choices and Conditions Innovation and Invention Intellectual Property Mathematical Methods Sales Creativity Value Motion Pictures and Video Industry
2015/4/24
I study a model of investment and sale of ideas and test its empirical implications using a novel data set from the market for original movie ideas. Consistent with the theoretical results, I find tha...