Results 11 to 20 of about 607,930 (304)
Optimal Trading with Linear Costs [PDF]
The Journal of Investment Strategies, 2012 We consider the problem of the optimal trading strategy in the presence of linear costs, and with a strict cap on the allowed position in the market. Using Bellman's backward recursion method, we show that the optimal strategy is to switch between the ...
Bouchaud, Jean-Philippe +3 more
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Trade Costs and Trade Composition [PDF]
SSRN Electronic Journal, 2011 In this paper, we investigate whether countries' trade costs act like other national endowments by affecting the composition of countries' exports. Using an econometric approach that controls for endogeneity by accounting for potentially relevant omitted variables, we find strong evidence for a sample of 37 industrialized and transition countries that ...
Danny McGowan, Chris Milner
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Journal of Economic Literature, 2004 This paper surveys the measurement of trade costs: what we know and don't know but may usefully attempt to learn. Partial and incomplete data on direct measures of costs go with inference on implicit costs from trade flows and prices. Total trade costs in rich countries are large.
James E. Anderson, Eric van Wincoop
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American Economic Review, 2008 What has driven trade booms and trade busts in the past century and a half? Was it changes in global output or in the costs of international trade? To address this question, we derive a micro-founded measure of aggregate bilateral\ud trade costs based on a standard model of trade in differentiated goods.
David S. Jacks +2 more
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Trade booms, trade busts, and trade costs [PDF]
Journal of International Economics, 2009 What has driven trade booms and trade busts in the past and present? We employ a micro-founded measure of trade frictions consistent with leading trade theories to gauge the importance of bilateral trade costs in determining international trade flows. We construct a new balanced sample of bilateral trade flows for 130 country pairs across the Americas,
David S. Jacks +2 more
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Rising trade costs? Agglomeration and trade with endogenous transaction costs [PDF]
Canadian Journal of Economics/Revue canadienne d'économique, 2008 Abstract. While transport costs have fallen, the empirical evidence also points at rising total trade costs. In a model of industry location with endogenous transaction costs that seeks to replicate features from the machinery industry, we show how and under which conditions a decline in transport costs can lead to an increase in the total cost of ...
Duranton, Gilles, Storper, Michael
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Agricultural Trade Costs [PDF]
Applied Economic Perspectives and Policy, 2020 AbstractWe examine the recent evolution of salient trade costs in agricultural and food markets, and changes in their composition. We review ways to measure costs and provide guidance with policy prescriptions to reduce them. We pay attention to transportation costs, border measures, and standard‐like nontariff measures.
John C. Beghin, Heidi Schweizer
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Import Processing and Trade Costs [PDF]
SSRN Electronic Journal, 2021 We estimate import processing costs based on the time it takes to import. Our theory extends existing time-cost measures to account for uncertainty in import processing. We use detailed, highly disaggregated data on import processing dates and import values to provide evidence for our theory and estimate processing costs consistent with the theory. The
Jerónimo Carballo +3 more
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Trade, Trust and Transaction Costs [PDF]
SSRN Electronic Journal, 2003 Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of this paper shows that more trust leads to more trade so that part of the "mystery of missing trade" can be ...
Frank A.G. den Butter, Robert H.J. Mosch
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High-Frequency Trading and Institutional Trading Costs [PDF]
SSRN Electronic Journal, 2018 Au moyen de données relatives au marché des contrats à terme sur obligations du Canada, nous examinons les interactions entre les opérateurs qui pratiquent la négociation à haute fréquence et les investisseurs institutionnels qui prennent d’importantes positions sur ces contrats.
Chen, Marie, Garriott, Corey
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