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Risk and probability premiums for CARA utility functions

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BA Babcock, EK Choi… - Journal of Agricultural and Resource …, 1993 - JSTOR
The risk premium and the probability premium are used to determine appropriate
coefficients of absolute risk aversion under CARA utility. A defensible range of risk-aversion
coefficients is defined by the coefficients that correspond to risk premiums falling between ...
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The Leontief Paradox: Continued or Resolved?

FR Casas… - The Journal of Political Economy, 1985 - JSTOR
An important corollary of the Heckscher-Ohlin-Vanek model of international trade is that
under balanced trade a country will be a net exporter of the services of its abundant factors
and a net importer of the services of its scarce factors, where abundance and scarcity are ...
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Consumer's surplus and price uncertainty

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EK Choi… - International Economic Review, 1987 - JSTOR
In 1944, Waugh demonstrated that expected Marshallian consumer's surplus under price
instability exceeds the consumer surplus when the price is stabilized at the mean. Using
essentially the same argument, Massell [1969] proved that price instability benefits ( ...
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Trade and the adoption of a universal language

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EK Choi - International Review of Economics & Finance, 2002 - Elsevier
This paper investigates long-run consequences of international trade between two
economies inhabited by two distinct races using different languages. If wages are not equal
in autarky, free trade encourages the workers of the low-wage country to learn the ...
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Optimal Trade Policies for a Small Open Economoy

EK Choi… - Economica, 1993 - JSTOR
This paper investigates optimal trade policies for a small open economy with unemployment.
When factor prices are rigid, random foreign prices result in random unemployment of
resources. The ranking of second-best policies is investigated. If the marginal propensity ...
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[CITATION] Modeling the effect of risk on food demand and the implications for regulation

EK Choi… - Staff General Research Papers, 1991 - ideas.repec.org
Paper provided by Iowa State University, Department of Economics in its series Staff General
Research Papers with number 468. ... , or , if you are the registered author of the cited work,
log in to your RePEc Author Service profile, click on "citations" and make appropriate ...
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Is relative risk aversion greater than one?

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EK Choi… - International Review of Economics & Finance, 1992 - Elsevier
Abstract Comparative static results of numerous expected utility maximization models
depend on whether relative risk aversion exceeds, is equal to, or falls short of unity. The
literature is replete with opposing conjectures and conflicting empirical estimates of the ...
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Regulation of nitrogen pollution: taxes versus quotas

EK Choi, E Feinerman - Journal of Agricultural and Resource Economics, 1995 - JSTOR
This paper investigates the effects of first-best policies to regulate nitrogen application.
Some nitrogen fertilizer is applied ex ante before a random rainfall, but sidedressed nitrogen
may be applied ex post. First-best policy is a tax or a quota on ex ante application, ...
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Producer Cooperatives, Input Pricing and Land Allocation

EK Choi, E Feinerman - Journal of Agricultural Economics, 1993 - Wiley Online Library
This paper considers input pricing rules for a producer cooperative which supplies its
members with two inputs: a publicly provided private input (water), and a local public input
(road services). An Israeli Moshav which allocates land equally among producers is a ...
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TRADE IMBALANCE AND THE LEONTIEF PARADOX*

FR Casas… - The Manchester School, 1984 - Wiley Online Library
In a well-known 1953 article, Wassily Leontief set out testing with the use of US data the
Heckscher-Ohlin theory that inter-country differences in relative factor endowments are the
primary determinant of the pattern of trade. His measurement of the direct and indirect ...
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[BOOK] Implications of Many Industries in the Heckscher‐Ohlin Model

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EK Choi - 2001 - Wiley Online Library
The two-factor, two-commodity Heckscher–Ohlin (HO) model contains four elegant
propositions that have charmed many trade theorists. For instance, if the United States were
a capital-abundant country, the HO theory predicts that it would export capital-intensive ...
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Regulation of externalities in an open economy

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EK Choi… - Ecological Economics, 1992 - Elsevier
Abstract This paper considers the ranking of second-best policies for an open economy that
regulate externalities arising from the production of an exportable. Pesticides and other
chemicals used in US agriculture are good examples. Uncertainty originates from three ...
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On the emergence of multinational corporations in developing economies: A note

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…, E Kwan Choi - Regional Science and Urban Economics, 1995 - Elsevier
By explicitly incorporating the spillover effects of technological transfers into the host
country's production activities, this paper argues that the spillover effects of multinational
corporations will in fact reduce employment in the multinational sector and increase ...
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Price uncertainty and the labor managed firm

EK Choi, E Feinerman - Southern Economic Journal, 1991 - JSTOR
Since the seminal work of Ward [19] on the pure model of a labor managed firm (LMF), a
number of authors have extended the theory of the cooperative firm. Initially, the literature
focused on the theory of the LMF under certainty. Domar [4] analyzed the behavior of a ...
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[CITATION] Aid allocation and the transfer paradox in small open economies

EK Choi - International Review of Economics & Finance, 2004 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. In case of further problems read the IDEAS help page. Note that these files are
not on the IDEAS site. Please be patient as the files may be large.
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To outsource or not to outsource in an integrated world

EK Choi - International Review of Economics & Finance, 2007 - Elsevier
This paper investigates outsourcing decision under certainty and uncertainty. When the
production activity can be fragmented into two or more processes, an integrated firm must be
competitive in each of the fragmented processes. There are gains from outsourcing when ...
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Trade policies and welfare in a Harris-Todaro economy

J Chen… - Southern Economic Journal, 1994 - JSTOR
In many developing countries rising unemployment is often attributed to increases in foreign
imports, triggered by declining foreign prices of imports. To correct the chronic
unemployment problem, some developing countries chose an import substitution strategy ...
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Some paradoxes of transport costs in international trade

FR Casas… - Southern Economic Journal, 1985 - JSTOR
The theoretical and empirical role of transportation in international trade has received
renewed attention in recent years.'Among the major contributions in this field Ronald
Falvey's [6] model represents an important advance over the wastage or evaporation ...
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Optimal trade policies for a developing country under uncertainty

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E Kwan Choi… - Journal of development economics, 1991 - Elsevier
Abstract This paper investigates optimal trade policies for a developing small open economy
which faces international price uncertainty. Trade taxes are used to finance provision of a
public good, which enters the utility function of consumers. If demands for private goods ...
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North-South trade and income inequality

EK Choi - International Review of Economics & Finance, 2007 - Elsevier
This paper investigates the effects of North–South trade on international income inequality.
While empirical studies suggest that trade liberalization encourages income convergence
and reduces the per capita income gap between poor and rich countries, North–South ...
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Tariffs versus quotas under uncertainty: restricting imports and the role of preference

HE Lapan, EK Choi - International Economic Journal, 1988 - Taylor & Francis
This paper analyzes trade policies for a small country facing foreign price uncertainty and
domestic production disturbances. The import-induced externality provides a rationale for
trade restrictions. When the terms of trade are uncertain, the optimal composite tariff may ...
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[CITATION] Handbook of international trade

J Tybout, EK Choi… - Handbook of international …, 2003 - Basil Blackwell Oxford
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Welfare reducing trade and optimal trade policy

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E Kwan Choi… - Japan and the World Economy, 1998 - Elsevier
This paper shows that free trade reduces the welfare of a small country with unemployment
unless the free trade price of the importable falls below the autarky equivalent price. A
decline in the price of the importable from the autarky level not only improves the terms of ...
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A Theory of Price-Fixing Rings

[PDF] from oxfordjournals.org
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EK Choi, CF Menezes… - The Quarterly Journal of …, 1985 - qje.oxfordjournals.org
Abstract Price-fixing rings with market sharing arrangements are an empirically important
category of cartel phenomena. This paper develops a cartel model in which side payments
are not allowed and firms engage in negotiations to fix price and market shares under ...
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Neighbour‐Immiserizing Growth: The Asian Crisis

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EK Choi - Japanese Economic Review, 2001 - Wiley Online Library
This paper investigates the effects of population growth and China's entry into the world
trading regime on the North and the South. In the absence of the terms of trade effect,
population growth reduces the standard of living and causes a decline in welfare. ...
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[CITATION] Second best taxes and quotas in nitrogen regulation

E Feinerman, EK Choi - Staff General Research Papers, 1993 - ideas.repec.org
No abstract is available for this item. ... To our knowledge, this item is not available for
download. To find whether it is available, there are three options: 1. Check below under "Related
research" whether another version of this item is available online. 2. Check on the ...
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Transport innovation and welfare under variable returns to scale

FR Casas… - International Economic Journal, 1990 - Taylor & Francis
Technological innovations improve the welfare of a country facing fixed terms of trade, but
may lead to immiserization when the terms of terms of trade are adversely affected. This
paper establishes that transport innovation can be immiserizing for a small country when ...
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Stochastic dominance and uncertain price prospects

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EK Choi… - Southern Economic Journal, 1989 - JSTOR
Since the seminal and simultaneous publications of Hadar and Russell [6] and Hanoch and
Levy [8] there has been a virtual explosion of papers investigating implications of stochastic
dominance rules for decisions under uncertainty.'Dominance principles have important ...
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[BOOK] Modeling the Demand for food Safety and the Implications for Regulation

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EK Choi, HH Jensen… - 1990 - card.iastate.edu
2 analysis is employed to derive the demands for" quantity" and" safety." The hazard in the
risky good, food, is assumed to decrease the probability of survival. When safety is
endogenous to the consumer's decision over a consumption bundle, we find that perfect ...
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[CITATION] Handbook of International Trade

R Feenstra, G Hanson, EK Choi… - 2003 - Blackwell Publishing
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Mixed markets with counterfeit producers

EK Choi - Handbook of International Trade, 2003 - Wiley Online Library
This chapter investigates a mixed market in which one or more producers of genuine brands
compete with firms that produce counterfeit goods. The counterfeit product is assumed to be
a good with positive marginal utility. Consumers recognize a counterfeit but knowingly ...
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Factor price stabilization and the competitive firm

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S Devadoss… - American journal of agricultural …, 1991 - ajae.oxfordjournals.org
Abstract This paper investigates the effects of factor price stabilization on production
decisions of the competitive firm with ex post production flexibility. Factor price stabilization
is achieved through changes in the guaranteed minimum price and the imposed ...
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Why East Asian countries grow faster than others: a recipe for economic growth

EK Choi… - Journal of International Trade & Economic …, 1996 - Taylor & Francis
This paper reviews twelve factors that have positive or negative effects on economic growth,
and two other variables that have ambiguous effects. Two-way causality, spurious causation,
and missing variables are discussed. It is argued that regression analyses cannot be a ...
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Production, Hedging, and Speculative Decisions with Options and Futures Markets: Comment

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SV Aradhyula, EK Choi - American Journal of Agricultural Economics, 1993 - JSTOR
In a recent paper in this Journal, Lapan, Moschini, and Hanson (LMH) analyzed the
production and hedging decisions of the competitive firm, operating in both futures and
options markets. They showed that when the futures price and options premium are ...
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On the non-equivalence of tariff and quota in a competitive general equilibrium framework

EK Choi… - Tinbergen Institute Discussion Papers, 1998 - ideas.repec.org
We construct a standard multi-sector, multi-factor general equilibrium model, with goods
outnumbering factors to argue that in such a general structure, tariff and quota can have
drastically different consequences on the volume of trade. This result modifies and ...
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Factor growth and equalized factor prices

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EK Choi - International Review of Economics & Finance, 2008 - Elsevier
This paper considers two simple questions relating to the Heckscher–Ohlin model:(i) How
does factor growth affect the terms of trade between the North and the South?(ii) If factor
prices are equalized by trade, at what levels are they equalized? Regardless of where it ...
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International trade in genetically modified products

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EK Choi - International Review of Economics & Finance, 2010 - Elsevier
This paper investigates competition between two markets that sell close substitutes: a
traditional product and a genetically modified (GM) product. Tightening an import quota on
the GM product raises the prices of both goods and hurts consumers. Two scenarios are ...
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Impacts and incidence of agricultural commodity programs

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EK Choi… - Economic development and cultural change, 1993 - JSTOR
I. Introduction Since the passage of the Agricultural Adjustment Act of 1933, commodity
programs have had a major impact on resource use and returns to factors in US agriculture.
While the need to insulate domestic agricultural markets from the vagaries of international ...
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Infrastructure aid, deindustrialization and urban unemployment

JY Choi… - 2006 - emeraldinsight.com
Abstract: This paper investigates the role of infrastructure aid to developing countries beset
with unemployment. Since unemployment persists in most developing countries with chronic
foreign debts, the impact of infrastructure aid is analyzed using an extended Harris– ...
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[BOOK] Storage subsidies and supply response

[PDF] from iastate.edu
EK Choi… - 1989 - card.iastate.edu
Abstract This paper investigates the supply response to a storage subsidy. From the ex post
sales decision problem we derive the reservation price below which all risk averse farmers
hold some inventory. While sales and storage decisions are made ex post, production ...
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[PDF] Demand uncertainty and price stabilization

[PDF] from iastate.edu
EK Choi… - Center for Agricultural and Rural …, 1987 - card.iastate.edu
Benefits and costs of price stabilization policies have been studied extensively. Broadly
speaking, these analyses have been for either the individual producer/consumer (eg Waugh
[1944], Oi [1961], Pope, Chavas and Just [1983]) or market level responses (Massell [1969 ...
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[PDF] Input Price Uncertainty and Factor Demand

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S Devadoss… - 1987 - card.iastate.edu
Abstract A simple two-input and one-output model is used to examine the effects of variable
input price uncertainty on a quasi-fixed factor. These theoretical results, applied to a
livestock firm, indicate that choice of the quasi-fixed factor depends upon the attitude of the ...
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Transport Costs and Immiserizing Growth Under Variable Returns to Scale

FR Casas… - … of Transport Economics= Rivista Internazionale de …, 1989 - trid.trb.org
Abstract: This paper investigates the conditions under which a growing economy which is
small in world markets for tradable goods may experience immiserization when international
trade requires domestically supplied transport services produced under conditions of ...
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Factor Accumulation and the Terms of Trade: Applications to the Asian Financial Crisis

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EK Choi… - Pacific Economic Review, 2006 - Wiley Online Library
Abstract. This paper investigates the effects of population growth and capital accumulation
on trade and welfare. In the absence of a terms of trade effect, an population increase
reduces the standard of living and causes a reduction in welfare. An increase in ...
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Uncertainty, Price Stabilization and Welfare

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EK Choi… - Southern Economic Journal, 1991 - JSTOR
Foreign price instability can significantly affect the welfare of an open economy relying
heavily on foreign trade. For instance, Japan is vulnerable to oil price increases because 99
percent of its oil is imported. Similarly, grain producers of many countries have advocated ...
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[CITATION] Why Some Countries Grow Faster Than Others: The Secret Formula for Economic Growth

EK Choi - Staff General Research Papers, 1993 - en.scientificcommons.org
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[BOOK] Tariff-Quota Non-Equivalence In a Competitive General Equilibrium Framework

EK Choi, S Marjit… - 1997 - en.scientificcommons.org
Abstract We construct a standard multi-sector, multi-factor general equilibrium model, with
goods outnumbering factors to argue that in such a general structure, tariff and quota can
have drastically different impacts on trade patterns. This result casts doubt on one of the ...
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Employment risk and optimal trade policies

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E Kwan Choi, H Beladi… - Japanese Economic Review, 2001 - Wiley Online Library
This paper considers trade policies and welfare in a Harris–Todaro model with risk-averse
workers. Workers are assumed to have identical and homothetic preferences, but their
incomes differ, depending on whether and where they are employed. When workers are ...
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Uncertainty and the Effectiveness of Monetary and Fiscal Policies

Full text - MIT Libraries
EK Choi… - The Manchester School, 2000 - Wiley Online Library
2. Abstract This paper integrates the decision making of a firm facing production uncertainty
into the theory of aggregate supply. This integration has two important policy implications.
First, if the aggregate demand is not unitary price elastic, the presence of uncertainty ...
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[CITATION] Sales and Services

EK Choi…
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To integrate with a high-or low-wage country: That is the question

EK Choi - International Review of Economics & Finance, 2011 - Elsevier
This paper considers the question of whether a country with the intermediate capital–labor
ratio is better off forming a free trade area with the higher or lower wage country. Typical
analyses of gains from trade ignore the effects of free trade on factor prices. When Europe ...
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[CITATION] Kazakhstan's Oil: Can We Get It Without Indigestion?

EK Choi… - Staff General Research Papers, 1993 - ideas.repec.org
Paper provided by Iowa State University, Department of Economics in its series Staff General
Research Papers with number 10611. ... No references listed on IDEAS You can help add them
by filling out this form. ... Did you know? IDEAS indexes over a million items of research ...
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To Outsource or Not to Outsource Inn North-South Trade

EK Choi - 2010 - ideas.repec.org
This paper investigates outsourcing and foreign direct investment (FDI) decisions based on
factor price differentials in North-South trade when the production activity is fragmented into
two independent processes. It is shown that (a) when the Southern firm does not have the ...
Cached

[CITATION] Tariff-Quota Non-Equivalence In a Competitive General Equilibrium Framework (Revised Version April 1997)

EK Choi, S Marjit - 1997 - arrow.monash.edu.au
Title Tariff-Quota Non-Equivalence In a Competitive General Equilibrium Framework (Revised
Version April 1997) Creator Choi, E. Kwan Creator Marjit, Sugata Contributor Monash
University. Faculty of Business and Economics. Department of Economics. Date 1997 ...

[CITATION] Will America or Japan Lead the World in the Year 2000 and Beyond?

EK Choi - Staff General Research Papers, 1993 - en.scientificcommons.org
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[CITATION] REVIEW OF DEVELOPMENT ECONOMIC

EK Choi - Blackwell Publishing Limited 9600 …
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Trade in Counterfeit Organic Products

EK Choi - International trade and economic dynamics: essays in …, 2008 - books.google.com
AbstractThis chapterinvestigatestradeinorganicandnonor... the North and the South. The
labor-abundant South exports the labor-intensive organic product to the North, but imports
from the South contain some counterfeits. In the absence of labels, consumers cannot ...
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[CITATION] Non-equivalence of Tariff and Quota in a Competitive Framework

S Marjit… - 1999 - … and Finance, The University of Hong …
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[PDF] International Agricultural Trade Research Consortium

[PDF] from umn.edu
EK Choi, HE Lapan - 1990 - ageconsearch.umn.edu
Executive Summary This paper investigates optimal trade policies for a developing small
open economy which faces international price uncertainty. Trade taxes are used to finance
provision of a public good, which enters the utility function of consumers. If demands for ...
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[CITATION] Optimal Trade Policy Under Uncertainty: The Role of Risk Aversion and Public Goods

HE Lapan, EK Choi - Staff General Research Papers, 1988 - ideas.repec.org
Paper provided by Iowa State University, Department of Economics in its series Staff General
Research Papers with number 10600. ... Did you know? About 1200 archives contribute their
bibliographic data to RePEc. ... This information is provided to you by IDEAS at the ...
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[CITATION] Production and the Chain of Comparative Advantage

EK Choi, H Thompson
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[PDF] Tarification and Agricultural Trade

[PDF] from iastate.edu
EK Choi - 1991 - card.iastate.edu
ABSTRACT This paper considers the effects of tariffication-conversion of a variable import
levy, widely used in the European Community, into an equivalent ad valorem tariff-on trade
and welfare. While tough negotiations lie ahead over the exact rates of tariff reduction, ...
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[CITATION] Factor Proportions Theory

RW Jones, EK Choi, H Thompson, J Harrigan… - Handbook of international …, 2003
All 6 versions

[CITATION] Why East Asian Countries Grow Faster Than Others

EK Choi… - Staff General Research Papers, 1996 - econpapers.repec.org
By E. Kwan Choi and Hamid Beladi; Why East Asian Countries Grow Faster Than Others.
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[CITATION] Uncertainty and the Effectiveness of Monetary and Fiscal Policy

EK Choi… - Staff General Research Papers, 2000 - econpapers.repec.org
By E. Kwan Choi and Hamid Beladi; Uncertainty and the
Effectiveness of Monetary and Fiscal Policy.
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[CITATION] Some Paradoxes of Transport Costs in International Trade Theory

F Casas, EK Choi - Staff General Research Papers, 1985 - ideas.repec.org
Lead Article. Cited in Giancarlo Gandolfo's textbook, International Economics I: The Pure Theory
of International Trade (Springer-Verlag), 1995. Abstract Currently Unavailable. ... To our
knowledge, this item is not available for download. To find whether it is available, there ...
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[PDF] Outsourcing versus FDI under Uncertainty

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EK Choi… - 2010 - w3.uniroma1.it
Abstract This paper investigates outsourcing and foreign direct investment (FDI) decisions in
North-South trade under conditions of price and wage uncertainty. Given that the North is
abundant in capital but scarce in labor and capital is imperfectly mobile between countries ...
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100—Economic development, fluctuations, planning

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EK Choi - The Japanese Economic Review, 2001 - Wiley Online Library
Theoretical and empirical research regarding the impact of corporate ownership on the
behaviour and performance of firms have typically focused on consequences stemming from
the separation of ownership and control. While large-scale business enterprise ...
All 3 versions

Infrastructure Aid and Deindustrialization in Developing Countries

EK Choi… - 2008 - emeraldinsight.com
Purpose–This chapter investigates the role of infrastructure aid to developing countries for
determining the effect on national income and consumer welfare. The chapter further
demonstrates the conditions for the Dutch disease effect by decomposing the output ...
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[CITATION] Stealing Words: A Guide to Safe Writing in Economics

EK Choi - Staff General Research Papers, 2002 - econpapers.repec.org
By E. Kwan Choi; Abstract: Not available at this time.
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[CITATION] Trade Imbalance, the Factor Proportions Theory and the Resource Content of International Trade

F Casas, EK Choi - Staff General Research Papers, 1987 - ideas.repec.org
Paper provided by Iowa State University, Department of Economics in its series Staff General
Research Papers with number 10602. ... Did you know? IDEAS also indexes software
components. ... This information is provided to you by IDEAS at the Department of ...
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Civic Education in Four Chinese Societies: Chinese Mainland, Taiwan, Hong Kong, and Macau (Article written in Chinese)

TSE Kwan-choi - Education Journal, 1998 - fed.cuhk.edu.hk
Education Journal. Vol. 26 No. 2, Winter 1998 & Vol. 27 No. 1, Summer 1999, Page
179-200. Civic Education in Four Chinese Societies: Chinese Mainland, Taiwan, Hong
Kong, and Macau (Article written in Chinese). TSE Kwan-choi. Abstract ...
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Reform of Moral Education at Basic Education Stage in Hong Kong and Shanghai: Retrospect and Prospects (Article written in Chinese)

TSE Kwan-Choi - Education Journal - fed.cuhk.edu.hk
Education Journal. Vol. 33 Nos. 1-2 , Pages 149 - 168 , 2005. Reform of Moral
Education at Basic Education Stage in Hong Kong and Shanghai: Retrospect and
Prospects (Article written in Chinese). Kwan-Choi TSE. Abstract. ...
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[BOOK] Trade and the Language War: Chinese and English

EK Choi… - 2001 - en.scientificcommons.org
Abstract This paper investigates the effects on languages of trade between two economies
inhabited by two distinct races using different languages. A country may have a comparative
advantage in translation services if its language is difficult to learn or its wage is low. In the ...
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Uncertainty and the optimal production tax

EK Choi… - Journal of International Trade & Economic …, 1993 - Taylor & Francis
Optimal policies to restrict production under uncertainty for a large country which employs a
time-consistent tariff are investigated. The Nash-Cournot assumption is used for domestic
and foreign production decisions under uncertainty. If the income elasticity of demand for ...
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Aid Allocation and the Transfer Paradox in a Small Country

EK Choi - Staff General Research Papers, 2004 - ideas.repec.org
This paper investigates long run consequences of international trade between two
economies inhabited by two distinct races using different languages. If wages are not equal
in autarky, free trade encourages the workers of the low-wage country to learn the ...
Cached - All 4 versions

[PDF] China's WTO Accession and Income Inequality

[PDF] from karyiuwong.com
EK Choi - 2002 - karyiuwong.com
Abstract This paper investigates the effects of China's accession to the WTO on the
international income inequality. China's WTO entry is expected to liberalize trade between
the South (China) and the North (the Americas and EU). While empirical studies suggest ...
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[CITATION] Regulation of Nitrogen Production: Taxes Versus Quotas

EK Choi, E Feinerman - Staff General Research Papers, 1995 - ideas.repec.org
No abstract is available for this item. ... To our knowledge, this item is not available for
download. To find whether it is available, there are three options: 1. Check below under "Related
research" whether another version of this item is available online. 2. Check on the ...
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No English Title Available

TSE Kwan-Choi - Educational Research Journal, 1997 - fed.cuhk.edu.hk
Educational Research Journal. Vol. 12 No. 1, Pages 117-122, Summer 1997 No English
Title Available. TSE Kwan-Choi. Abstract This paper assesses the ways of
implementation of civic education through extra-curricular activities ...
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Breaks in the chain of comparative advantage

[PDF] from auburn.edu
EK Choi, H Thompson - International Review of Economics & Finance, 2010 - Elsevier
The chain proposition of comparative advantage states that when factor prices differ
between two countries producing many products with two factors, every export of the capital
abundant country would be more capital intensive than any of its imports. The present ...
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[PDF] DEPARTMENT OF ECONOMICS SEMINAR PAPERS

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EK Choi - 1996 - arrow.monash.edu.au
Abstract We construct a standard multi-sector, multi-factor general equilibrium model, with
goods outnumbering factors to argue that in such a general structure, tariff and quota can
have drastically different impacts on trade patterns. This result casts doubt on one of the ...
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About the series: Frontiers of economics and globalization

H Beladi… - 2012 - emeraldinsight.com
This series is aimed at economist and financial economists worldwide and will provide an in-
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