Essays on Globalization –
... This volume is a collection of GTAP applications in which I have participated with several co-authors. Studies applying AGE models are often used as background papers in real policy cases, in which policy makers formulate their views on development aid, trade agreements or sectoral support programme ...
... This volume is a collection of GTAP applications in which I have participated with several co-authors. Studies applying AGE models are often used as background papers in real policy cases, in which policy makers formulate their views on development aid, trade agreements or sectoral support programme ...
Chapter_05_Lecture_01_to_04_w08_431_stochastic_inventory
... bookkeeping, delay costs, goodwill etc. 2. Lost sales - if the excess demand is lost because the customer goes elsewhere, the lost sales is charged. The lost sales include goodwill and loss of profit margin. So, penalty cost = selling price - unit variable cost + goodwill, if there exists any goodwi ...
... bookkeeping, delay costs, goodwill etc. 2. Lost sales - if the excess demand is lost because the customer goes elsewhere, the lost sales is charged. The lost sales include goodwill and loss of profit margin. So, penalty cost = selling price - unit variable cost + goodwill, if there exists any goodwi ...
(Textbook) Behavior in Organizations, 8ed (AB Shani)
... encounter each other in different regional markets, national markets, or industries) ...
... encounter each other in different regional markets, national markets, or industries) ...
Kamel Elouhichi, Louvain-LN: Policy parameters for the market model
... Change the shift factor in the supply equation to increase supply for the EU by 10% and compare : Production Price Imports and exports Arm1 : Armington first stage aggregate Arm2 : Armington second stage aggregate Arm1p : Average price of foreign origins Arm2p : Average price of foreign an ...
... Change the shift factor in the supply equation to increase supply for the EU by 10% and compare : Production Price Imports and exports Arm1 : Armington first stage aggregate Arm2 : Armington second stage aggregate Arm1p : Average price of foreign origins Arm2p : Average price of foreign an ...
Single-Period Models (Discrete Demand)
... can determine whether a given frequency distribution has a good fit with a theoretical distribution such as normal distribution, uniform distribution, etc. There are some software, e.g., Bestfit, that can search through a large number of theoretical distributions and choose a good one, if there exis ...
... can determine whether a given frequency distribution has a good fit with a theoretical distribution such as normal distribution, uniform distribution, etc. There are some software, e.g., Bestfit, that can search through a large number of theoretical distributions and choose a good one, if there exis ...
Brander–Spencer model
The Brander–Spencer model is an economic model in international trade originally developed by James Brander and Barbara Spencer in the early 1980s. The model illustrates a situation where, under certain assumptions, a government can subsidize domestic firms to help them in their competition against foreign producers and in doing so enhances national welfare. This conclusion stands in contrast to results from most international trade models, in which government non-interference is socially optimal.The basic model is a variation on the Stackelberg–Cournot ""leader and follower"" duopoly game. Alternatively, the model can be portrayed in game theoretic terms as initially a game with multiple Nash equilibria, with government having the capability of affecting the payoffs to switch to a game with just one equilibrium. Although it is possible for the national government to increase a country's welfare in the model through export subsidies, the policy is of beggar thy neighbor type. This also means that if all governments simultaneously attempt to follow the policy prescription of the model, all countries would wind up worse off.The model was part of the ""New Trade Theory"" that was developed in the late 1970s and early 1980s, which incorporated then recent developments from literature on industrial organization into theories of international trade. In particular, like in many other New Trade Theory models, economies of scale (in this case, in the form of fixed entry costs) play an important role in the Brander–Spencer model.