7,719 research outputs found
International Outsourcing under Monopolistic Competition: Winners and Losers
We show that, even with flexible domestic wages, international outsourcing may worsen the welfare of the home country and reduce the profits of all firms. If wages are rigid, outsourcing is welfare-improving if and only if the sum of the âtrade creationâ effect and the âexploitation effectâ exceeds the âtrade diversionâ effect. A wage subsidy may improve welfare. We also extend the model to a two-period framework. Delaying outsourcing can be gainful because the fixed cost of outsourcing may fall over time. A social planner would choose a different speed of outsourcing than that achieved under laissez-faire.offshoring, outsourcing, international trade, wage rigidity, monopolistic competition
Existence of orthogonal geodesic chords on Riemannian manifolds with concave boundary and homeomorphic to the N-dimensional disk
In this paper we give a proof of the existence of an orthogonal geodesic
chord on a Riemannian manifold homeomorphic to a closed disk and with concave
boundary. This kind of study is motivated by the link of the multiplicity
problem with the famous Seifert conjecture (formulated in 1948) about multiple
brake orbits for a class of Hamiltonian systems at a fixed energy level.Comment: 59 pages, 3 figures. To appear on Nonlinear Analysis Series A:
Theory, Methods & Application
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