Browsing by Author "Deardorff, Alan V"

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    The appropriate extent of intellectual property rights in Art
    (1994-09-11) Deardorff, Alan V
    The paper examines whether intellectual property rights in art should be extended to the entire world. In earlier papers, the economies of patent have been examined and the arguments made that world welfare is likely to fall if patent rights are extended to the entire world. This argument it recapitulated here with special attention to the assumptions that are needed for its validity. These assumptions are then reexamined in the context of markets for art to see whether the argument carries over. It is found that while most of the assumptions do carry over well enough to justify the argument there are also certain circumstance that may require greater geographic extension of intellectual property rights in some cases.
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    Computational analysis of goods and services liberlization in the uruguary round
    (1995-08) Brown, Drusilla K; Deardorff, Alan V; Fox, Alan K; Stern, Robert M
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    Determinants of bilateral trade : does gravity work in a neoclassical world?
    (1995-11-07) Deardorff, Alan V
    This paper derives equations for the value of bilateral trade two extreme cases of the Heckcher-Ohlin model, both of which could also represent a variety of other models as well. The first case is friction less trade, in which the absence of all impediments to trade in homogeneous products causes producers and consumers to be indifferent among trading partners. Resolving this indifference randomly, expected trade flows correspond exactly to the simple frictionless gravity equation if preference are identical and homothetic or if demands are uncorrelated with supplies, and they depart from that equation systematically when there are such correlations. The second case is of countries that each produce distinct goods as in the H-O model with complete specialization or a variety of other models. Expression are derived for bilateral trade, first with Cobb-douglas preference and then with CES preference. The standard gravity equation with trade declining in distance continues to be a central tendency for these trade flows with departures from it that are easily understood in terms of relative transport costs. The main lessons from the paper are two. First it,is not all that diffcult to justify even simple forms of the gravity equation from standard trade theories. Second because the gravity equation appears to characterize a large class of model its use for empirical tests of any of them is suspect.
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    An economic assessment of the integration of czechoslovakia, hungary, and poland into the european union
    (1995-10-03) Brown, Drusilla K; Deardorff, Alan V; Djankov, Simeon D; Stern, Robert M
    This paper is a study of the economic effects of the integration of the Central European Countries (CECs) into the European Union (EU) our analysis of Eu-CEC integration is based on a specially constructed version of the University of Michigan Computational general equilibrium (CGE) trade model, we use this model to caculate the economic effects of EU-CEC integration on the trade,output and employment by sector as well as the real returns to capita and labor and the economic welfare of the CECs. the EU members, and the other major trading country aggregates included in the model.
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    The Economic effects of an east asian trading bloc
    (1995-07-07) Brown, Drusilla K; Deardorff, Alan V; Stern, Robert M
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    Effects of trade liberalization on the members of a trading bloc : a lumpy country analysis
    (1994-10-01) Deardorff, Alan V
    The paper models two country trading block as a lamprey country the countries Share identical constant returns of scale technologies but other difference between countries prevent them from producing all goods with the same techniques. The paper examiners case in which they differ exogenously in their factor factor endowments and in which factor endowment differences arise endogenously either because workers migrants seeking a higher level of amenities that is available in only one of the countries or because one of the countries provides a production subsidy to one of the industries identified as agriculture. The model is used to explore the effects of both trade liberalization which alerts domestic relative prices and a reduction in the agricultural subsidy. Results are derived for the effects of these policy changes on real factor price in the two countries and on the moment of Labor between the countries when it is allowed to move. Most of these effects depend critically on the initial patterns of specialization and bence on the initial allocation of factors across the countries
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    Modelling multilateral trade liberalization in services
    (1995-07-06) Brown, Drusilla K; Deardorff, Alan V; Stern, Robert M
    We set out in this paper to examine the importance of various characteristics of services for the modeling of the effects of trade liberalization in services. We confine attention first to the characteristics that our own computable general equilibrium (CGE modeling framework has been designed to address variety scale and competition. Modifying it somewhat to enable us to distinguish the separate rules of these characteristics, we find that these particular characteristics ah apparently relatively unimportant for the conclusions that one reaches about the effects of trade liberalization on the economy. We then turned to a list of other characteristics that have been identified by others as distinguish service from goods and we ask whether these also need to be taken into account in such modeling exercises. With one exception we conclude the these characteristics ah unlikely to play an important role in future models of trade liberalization. The one exception is a character it's identified by either an Horn 1991 who saw producers of services as specializing their products to the particular needs of their customers. While it does not seem feasible at this time to incorporate the feature into a manageable CGE framework we do believe that it could have interesting and important implications for our understanding of the effects of trade liberalization if it were ever done.
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    multilateral trade negotiations and preferential trading arrangements
    (1992-07) Deardorff, Alan V; Stren, Robert M
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    North American integration
    (1992-09) Brown, Drusilla K; Deardorff, Alan V; Stren, Robert M
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