The effect of international trade on mark-ups distribution

This paper presents empirical evidence about the relationship between market openness and markup distribution of manufacturing firms. The empirical analysis uses a panel data set of Spanish firms in the period 1990-2005, with a structural approach that lets us to identify individual mark-ups. The results point out that tougher competition associated to openness reduces the average of marginal costs and prices, while it increases the average firm size. However, the evidence about the effect on average markups and the dispersion of performance variables is weaker. These results partially support the theoretical predictions by the recent literature on efficiency heterogeneity and international trade and, in particular, Melitz and Ottaviano (2008).markups, marginal costs, size, openness

Markups, bargaining power and offshoring: an empirical assessment

This paper tests the pro-competitive effect of imports on product and labour markets for Spanish manufacturing firms in the period 1990-2005. In doing so, it takes into account the type of imported products: final vs intermediate. Markups are estimated following the procedure suggested by Roeger (1995) and including an efficient bargaining model. The observed heterogeneity among firms is parameterized to consider additional product standardization and market concentration. The results support the Imports as Market Discipline hypothesis for importers of final goods, while firms that offshore intermediate inputs show similar markups to non-importers. Additionally, the union bargaining power is smaller the more final-goods oriented imports are and the more homogeneous is the type of goods elaborated by firms.Markups, offshoring, bargaining power

Markups, bargaining power and offshoring: an empirical assessment

This paper tests the pro-competitive effect of imports on product and labour markets for Spanish manufacturing firms in the period 1990-2005. In doing so, it takes into account the type of imported products: final vs intermediate. Markups are estimated following the procedure suggested by Roeger (1995) and including an efficient bargaining model. The observed heterogeneity among firms is parameterized to consider additional product standardization and market concentration. The results support the Imports as Market Discipline hypothesis for importers of final goods, while firms that offshore intermediate inputs show similar markups to non-importers. Additionally, the union bargaining power is smaller the more final-goods oriented imports are and the more homogeneous is the type of goods elaborated by firms

Late Protein Synthesis-Dependent Phases in CTA Long-Term Memory: BDNF Requirement

It has been proposed that long-term memory (LTM) persistence requires a late protein synthesis-dependent phase, even many hours after memory acquisition. Brain-derived neurotrophic factor (BDNF) is an essential protein synthesis product that has emerged as one of the most potent molecular mediators for long-term synaptic plasticity. Studies in the rat hippocampus have been shown that BDNF is capable to rescue the late-phase of long-term potentiation as well as the hippocampus-related LTM when protein synthesis was inhibited. Our previous studies on the insular cortex (IC), a region of the temporal cortex implicated in the acquisition and storage of conditioned taste aversion (CTA), have demonstrated that intracortical delivery of BDNF reverses the deficit in CTA memory caused by the inhibition of IC protein synthesis due to anisomycin administration during early acquisition. In this work, we first analyze whether CTA memory storage is protein synthesis-dependent in different time windows. We observed that CTA memory become sensible to protein synthesis inhibition 5 and 7 h after acquisition. Then, we explore the effect of BDNF delivery (2 μg/2 μl per side) in the IC during those late protein synthesis-dependent phases. Our results show that BDNF reverses the CTA memory deficit produced by protein synthesis inhibition in both phases. These findings support the notion that recurrent rounds of consolidation-like events take place in the neocortex for maintenance of CTA memory trace and that BDNF is an essential component of these processes

Updating a Paleogene magnetobiochronological time scale through graphical integration

All studies focused on the evaluation of paleoecological variability over geological time must be linked to a specific age or time interval, which can be defined using different time scales (biostratigraphic, chronostratigraphic, geochronological or orbital). Therefore, integrated time scales are essential to allow comparisons of data from different locations and/or to assess evolutionary and other events through time. Here we use a new method to update a Paleogene magnetobiochronological time scale, with the following contributions: • The update of the Paleogene magnetobiochronological scale was made by graphical correlation with new age models and adding calcareous nannoplankton and planktonic foraminiferal biozones from different authors. • An excel file structure was proposed to plot any kind of data in MATLAB software, as long as they are associated with some of the scales shown in our updated version of Paleogene magnetobiochronology. • The excel file structure facilitates the analysis of long-term trends of taxonomic groups throughout the Paleogene, and of their evolution in a period characterized by intense climate variability

Turnover and stability in the deep sea: Benthic foraminifera as tracers of Paleogene global change

Benthic foraminifera are the most common meiofaunal unicellular deep-sea biota, forming skeletons used as proxies for past climate change. We aim to increase understanding of past non-analog oceans and ecosystems by evaluating deep-sea benthic foraminiferal responses to global environmental changes over latest Cretaceous through Oligocene times (67–23 million years ago). Earth suffered an asteroid impact at the end of the Cretaceous (~instantaneous; 66 Ma), episodes of rapid global warming during the Paleocene-Eocene Thermal Maximum (PETM; ~56 Ma) and other hyperthermals (millennial timescales), followed by gradual, but punctuated cooling (timescales of hundred thousands of years) from a world without polar ice sheets to a world with a large Antarctic ice sheet. Here we present the first compilation of quantitative data on deep-sea foraminifera at sites in all the world''s oceans, aiming to build a first unique, uniform database that allows comparison of deep-sea faunal turnover across the uppermost Cretaceous through Paleogene. We document variability in space and time of benthic foraminiferal diversity: lack of extinction at the asteroid impact even though other marine and terrestrial groups suffered mass extinction; major extinction at the PETM followed by recovery and diversification; and gradual but fundamental turnover during gradual cooling and increase in polar ice volume (possibly linked to changes in the oceanic carbon cycle). High latitude cooling from ~45 Ma on, i.e., after the end of the Early Eocene Climate Optimum (53.2–49.2 Ma), may have made the middle Eocene a critical period of several millions of years of faunal turnover and establishment of latitudinal diversity gradients. This compilation thus illuminates the penetration of global change at very different rates into the largest and one of the most stable habitats on Earth, the deep sea with its highly diverse biota