G2TT
来源类型Discussion paper
规范类型论文
来源IDDP3215
DP3215 How (Not) to Run Auctions: The European 3G Telecom Auctions
Paul Klemperer
发表日期2002-02-20
出版年2002
语种英语
摘要Recent evidence shows that the ?home bias puzzle? in international trade may be associated with the mere presence of national borders (McCallum (1995)). In this Paper we provide a theoretical framework to explain why borders may matter so much for trade. Our argument is that even between perfectly integrated and similar countries the legal system differs, so that legal costs are higher when business is done abroad. Using a matching model of trade, we show that the home bias is associated with both less searching foreign sellers in the home market and a lower probability of cross-border matches being accepted. In industries characterized by high turnover legal costs may reduce trade because reducing the mass of searching foreign sellers and increasing at the same time that of searching domestic sellers.
主题International Trade and Regional Economics ; Public Economics
关键词Cros-border trade Legal costs Matching
URLhttps://cepr.org/publications/dp3215
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/532241
推荐引用方式
GB/T 7714
Paul Klemperer. DP3215 How (Not) to Run Auctions: The European 3G Telecom Auctions. 2002.
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