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International trade and domestic distortions
International audience -
International Trade and Domestic Distortions: Modelling the Transition Process
According to the standard view, when full competition prevails in product, labour, and capital markets, positive or negative exter- nal trade shocks may be... -
Explicit investment rules with time-to-build and uncertainty
We establish explicit socially optimal rules for an irreversible investment decision with time-to-build and uncertainty. Assuming a price sensitive demand function...
