Why Do the Gains from Trade Reform Vary Between Countries?

This paper assesses, both theoretically and empirically, the determinants of differential gains from trade policy reform across countries. The theoretical model shows that asymmetrical features of the world economy, including the relative size of the differentiated products sector in each country, the dominance of domestic markets by indigenous producers, trade costs, and the relative importance of exports, all play an important role. Results from a multi-region computable general equilibrium model substantiate the proposition that the initial pattern of asymmetry is relatively more important than scale and varietal effects, despite the fact that the latter have received more attention in the literature.     

与府合作开发商业地产

过去20年里,政府与企业间的合作已成为美国城市与商业地产开发商增强当地经济活力、改善基础设施、提高工作效率的不二选择.在英国和澳大利亚,企业集资开发项目也由来已久.而欧洲,直到2010年才开始有政企合作开发的商业地产项目,并得到迅速发展.据欧洲投资银行统计,这些合作项目的总和大约为2 600亿欧元.但是,商业地产开发商...     

Non-targeted customers in individualistic versus collectivistic cultures

This research explores non-targeted customers in two countries displaying dominant collectivistic and individualistic characteristics. Using China and the UK as research contexts, the study investigates non-targeted customers' perceptions and responses to multiple marketing tactics (MT)' effectiveness. Non-targeted customers are interesting, as they exhibit feelings of inequity and unfairness, influencing their perceptions, responses, and behaviors. Given continuing globalization of retail services and diverse markets, more research that provides insights into cross-cultural shopping behavior is needed. The study fills an important gap in examining non-targeted customers in a cross-cultural framework. Findings reveal that non-targeted collectivists perceive marketing tactics differently than individualists. While the first group responds to price and reputation, the latter group responds to service, communication, and customization. The study posits that collectivists' concerns with loss of face, equality, and status evoke self-expression such as extensive price and reputation comparisons. Theoretical and managerial implications are discussed and future research directions offered.     

Subsistence Response to Market Shocks

Microeconomic models posit that transaction costs isolate subsistence producers from output market shocks. We integrate microeconomic models of many heterogeneous households into a general equilibrium model and show that supply on subsistence farms may respond, in apparently perverse ways, to changes in output market prices. Price shocks in markets for staple goods are transmitted to subsistence producers through interactions in factor markets. In the case presented, a decrease in the market price of maize reduces wages and land rents, stimulating maize production by subsistence households; however, real incomes of subsistence households fall.     

Exchange Rate Uncertainty and Agricultural Trade

Using a sample of bilateral trade flows across ten developed countries between 1974 and 1995, this article explores the effect of exchange rate uncertainty on the growth of agricultural trade as compared to other sectors. Based on a gravity model that controls for other factors likely to determine bilateral trade, the results show that real exchange rate uncertainty has had a significant negative effect on agricultural trade over this period. Moreover, the negative impact of uncertainty on agricultural trade has been more significant compared to other sectors.     

Ubiquitous interactive visualization of 3D mantle convection using a web-portal with Java and Ajax framework

We have developed a new strategy and espouse a novel paradigm for large-scale computing and real-time interactive visualization. This philosophy calls for intense interactive sessions for a couple of hours at a time at the expense of storing data on many disk drives during regular or heroic runs on massively parallel systems. We have already carried out successfully real-time volume-rendering visualization by employing hundreds of processors for a grid with over 25 million unknowns. Both Cartesian and spherical 3D mantle convection are visualized. The volume-rendered images are viewed on a large display device, with many panels holding around 13 million pixels. We will employ a software strategy involving an hierarchical rendering service, which will have as software an Ajax interface for interactive visualization of large data sets on many different platforms from desktop PC’s to hand-held devices, such as the OQO and the Nokia N-800. An option for stereo viewing is also implemented. We have installed a user interface as web application, using Java and Ajax framework in order to achieve over the Internet reasonable accessibility to our ongoing runs. Our goal is to expand the array of interactive devices, which will make it feasible to carry out ubiquitous visualization and monitoring of large-scale simulations or onsite events and to allow for collaborations across oceans.     

An Empirical Analysis of Residential Property Flipping

Beginning with a time-dependent definition of a house flip, the analysis examines flipping activity in Las Vegas from 1994 through mid-2007. We find that flip homes tend to be older and smaller than non-flip homes. Moreover, as the residential property market in Las Vegas begins to take off, flip homes become a more significant percentage of total sales. At the height of the housing boom in 2004, a typical flip produces an annual rate of return exceeding 60%. Even after adjusting for opportunity costs, this translates to economic profits of nearly 20%. However, shortly thereafter, the frenetic pace of the market begins to subside, and by 2007, economic returns to a flip fall to 0.     

Widening the ‘representation gap'? The implications of the ‘lobbying act’ for worker representation in the UK

The Transparency of Lobbying, Non‐Party Campaigning and Trade Union Administration Act 2014 (the ‘Lobbying Act’) imposes tight restrictions on the campaigning and lobbying activities of civil society organisations in the UK, diminishing their capacity to represent the interests of working people and thus likely compounding the ‘representation gap’ within British workplaces. Along with austerity measures and employment law reforms, the legislation exemplifies the UK government's attempts to shift the balance of power further towards employers.