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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP3215 |
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 |
URL | https://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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