Results 261 to 270 of about 607,930 (304)

Why do trade costs vary? [PDF]

open access: possibleReview of World Economics, 2010
As tariffs have fallen, it is apparent that trade costs are a significant obstacle to international trade and that they vary from country to country. The gap between the cif and fob value of a trade flow is a useful measure of aggregate trade costs, but only if the measure is based on a consistent volume of trade; mirror statistics are unsuitable ...
Pomfret, R., Sourdin, P.
openaire   +2 more sources

Institutional Trading Costs and Trading Systems

AIMR Conference Proceedings, 2003
Trading costs can be a significant drag on portfolio performance. One way to minimize trading costs is to use alternative trading systems, such as electronic communications networks and crossing systems. In a study comparing the trading costs on alternative trading systems with the costs of using traditional brokers, the data reveal generally lower ...
Jennifer Conrad   +2 more
openaire   +1 more source

Deep trade agreements and trade costs

The World Economy, 2023
AbstractDeep trade agreements (DTAs) have boomed in recent years and extended their reach well beyond tariff liberalisation. This paper investigates the impact of deep trade agreements on trade costs from a global perspective. The results show that trade costs between partners that sign an agreement with the highest depth decrease by 10.3%. The results
openaire   +1 more source

Trade Costs and Multimarket Collusion

SSRN Electronic Journal, 2007
Contrary to conventional wisdom, this article argues that trade liberalization may facilitate collusion and reduce welfare. With the help of a duopoly model in which firms interact repeatedly in multiple markets, we first show that, if trade costs (i.e., tariffs/transport costs) and discount factors are not too high, efficient cartel agreements ...
Eric W. Bond, Constantinos Syropoulos
openaire   +1 more source

Estimation of trading costs: Trade indicator models revisited [PDF]

open access: possible, 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
openaire   +4 more sources

Trade Costs and Intra-Industry Trade

Review of World Economics, 2006
Formal economic modeling of intra-industry trade ignores transportation or, more broadly, trade costs. Yet, as Anderson and van Wincoop (2004) suggest, trade costs are quite large. This paper extends work by Bergstrand (1990) that addressed intra-industry trade in the explicit presence of trade costs. In the context of a Helpman–Krugman-cum-trade-costs
Bergstrand, Jeffrey H., Egger, Peter
openaire   +1 more source

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