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We prove—in the standard independent private-values model—that the outcome, in terms of expected probabilities of trade and expected transfers, of any Bayesian mechanism, can also be obtained with a d...
This paper examines the relationship between fertility and human capital investment, and it’s implications for economic growth, focusing on the effects of declining mortality. Unlike the exist...
Recent empirical work has found that firms do more innovation when they are exposed to more low-cost import competition (Bloom, Draca and Van Reenen, 2012). Why is it that they innovate after somethin...
Of all the OPEC nations, Nigeria competed most directly with the British, as both countries produced oil of similar grade and sold that oil predominantly to the European market+ During the two-year ...
Egypt's Pattern of Trade and Development: A Model of Import Substitution Growth。
In the analysis of bilateral trade flows, reported trade of zero or missing observations are quite common and this is a problem when estimating log-linear gravity equations. This has caused many resea...
Using a model of wealth distribution where traders are characterized by quenched random saving propensities and trade among themselves by bipartite transactions, we mimic the enhanced rates of tradi...
Franchising contract is one method to distribute goods and service. By making a franchising contract the franchisor allows the franchisee to open a shop under his trademarks, trade name, signs, etc. ...

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