On the Perils of Privatization

privatization

Private Affluence, Public Squalor.

economic reform

Social Wants and Dismal Science: The Curious Case of the Climbing Costs of Health and Teaching

health economics ; education

Scale Economies, Regions of Multiple Trade Equilibria, and the Gains from Acquisition of Industries

economic equilibrium ; economic models ; market ; industry

Toward a Theory of Industrial Policy-Retainable Industries

economic theory ; production

Linear Trade-Model Equilibrium regions, Productivity, and Conflicting National Interests.

This paper examines the many equlibria that arises in a family of linear models in which the production parameters vary among models.LINEAR MODELS;ECONOMIC EQUILIBRIUM;PRODUCTIVITY

A Country's Maximal Gains from Trade and Conflicting National Interests

This paper shows that there are gains from trade that a country can capture from a partly developed trading partner that strongly exceed the gains it can obtain by trading with a fully developed one. We will also show that these gains are beneficial to one country only, they always come at the expense of the trading partner. We will also discuss more generally the circumstances under which improvements in productivity in a trading partner are beneficial to the home country.TRADE ; MODELS ; ECONOMIC EQUILIBRIUM

Global Sourcing under Uncertainty

This paper develops a general equilibrium model of international trade in homogenous intermediate inputs. In the model, trade between countries is driven exclusively by uncertainty in the delivery of inputs. Because their managers are risk-averse, final good firms contract with multiple suppliers located in different countries in an attempt to decrease the variability of their profits. The analysis shows that risk diversification provides an incentive for international trade over and above such reasons as comparative advantages (emphasized in classical models of international trade) and economies of scale (emphasized in new trade models), and highlights a new channel – a reduction in uncertainty – through which trade liberalization increases welfare