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Are Trading Costs Invisible in Trading Decisions?
The Journal of Trading, 2008We examine whether or not professional traders recognize transaction costs when making trade decisions. In both single and multi-period settings, professional traders are far more reluctant to realize a gross loss rather than an actual loss (net of transaction costs). The tendency to ignore transaction costs leads to higher levels of overconfidence (or
Ryan Garvey, Fei Wu
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Sunk Costs and Trade Liberalisation
The Economic Journal, 1992A model of vertical product differentiation is applied to the study of trade between two countries of differing sizes. Firms in the small country choose lower-quality products in autarky. Unlike A. Shaked and J. Sutton (1984), welfare effects of trade are fully analyzed and shown to depend on the degree of sunkness of costs.
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Trade costs, trade, and port efficiency
2018Ocean ports are vital hubs for transportation of internationally traded goods and therefore important for economic growth. In this chapter, the authors review the various methodologies that have been used to estimate the efficiency of ocean ports. They then refine and provide updated estimates of port efficiencies based on the methodology of Blonigen ...
Bruce A. Blonigen, Wesley W. Wilson
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A note on trade costs and distance [PDF]
, 2007 One of the most famous and robust findings in international economics is that distance has a strong negative effect on trade. Bernard, Jensen, Redding, and Schott (2007) discuss how this can be decomposed into an effect due to the number of products and an effect due to average exports per product.
Whelan, Karl, Lawless, Martina
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Estimation of trading costs: Trade indicator models revisited [PDF]
, 2014 It is a stylized fact that trade indicator models (e.g. Madhavan, Richardson, and Roomans (1997) and Huang and Stoll (1997)) underestimate the bid-ask spread. We argue that this negative bias is due to an endogeneity problem which is caused by a negative correlation between the arrival of public information and trade direction.
Theissen, Erik, Zehnder, Lars Simon
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What explains trade costs? Institutional quality and other determinants
Review of Development Economics, 2021Yulin Hou, Wenjun Xue
exaly
Trade Costs versus Urban Costs
2004We analyse how the interplay between urban costs, wage wedges and trade costs may affect the inter-regional location of firms as well as the intra-urban location, within the central business district or in a secondary employment centre (SEC) of the selected region. In this way we investigate, on the one hand, how trade may affect the internal structure
Cavailhès, Jean +2 more
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Within-brand or cross-brand: The trade-in option under consumer switching costs
International Journal of Production Economics, 2023Nengmin, Qidong He
exaly