References of "Canadian Journal of Economics"
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See detailExtensive and intensive margins and exchange rate regimes
Picard, Pierre M UL; hamano, masahige

in Canadian Journal of Economics (2017), 50(3), 804-837

This paper studies the costs and benefits of fixed and flexible exchange rate regimes in the presence of endogenous intensive and extensive margins of trade. The net benefit depends on the levels and ... [more ▼]

This paper studies the costs and benefits of fixed and flexible exchange rate regimes in the presence of endogenous intensive and extensive margins of trade. The net benefit depends on the levels and volatilities of those margins as well as on their correlation with consumers preferences. A fixed exchange rate regime is preferred for sufficiently high labour supply elasticities and lower love for product diversity. Delays between entry and production make fixed exchange rate regimes less attractive. [less ▲]

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See detailThe Clean Development Mechanism in a world carbon market
Picard, Pierre M UL; Brèchet, Thierry; Ménière, Yann

in Canadian Journal of Economics (2016), 49(4), 1569-1598

This paper discusses the role of the Clean Development Mechanism (CDM) in the market for carbon quotas and countries' commitments to reduce their carbon emission levels. We show that the CDM contributes ... [more ▼]

This paper discusses the role of the Clean Development Mechanism (CDM) in the market for carbon quotas and countries' commitments to reduce their carbon emission levels. We show that the CDM contributes to an efficient funding of clean technology investments in least developed countries. However, the CDM is not neutral on the global level of carbon emissions as it entices countries to raise their emission caps. The CDM may also make inappropriate the inclusion of any country that takes no emission abatement commitment. It can even make inefficient a country's decision to commit to an emission target. The implications of the presence of non-additional projects are also analyzed. [less ▲]

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See detailThe Clean Development Mechanism in a Globalized Carbon Market
Bréchet, Thierry; Ménière, Yann; Picard, Pierre M UL

in Canadian Journal of Economics (2015)

This paper discusses the role of the Clean Development Mechanism (CDM) on the market for carbon quotas and countries’ commitments to reduce their carbon emission levels. We show that the CDM contributes ... [more ▼]

This paper discusses the role of the Clean Development Mechanism (CDM) on the market for carbon quotas and countries’ commitments to reduce their carbon emission levels. We show that the CDM contributes to an efficient funding of clean technology investments in least developed countries. However, the CDM is not neutral on the global level of carbon emissions as it entices countries to raise their emission caps. The CDM may also make inappropriate the inclusion of any country that takes no emission abatement commitment. It can even make inefficient a country’s decision to commit to an emission target. [less ▲]

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See detail(Un)stable vertical collusive agreements
Zanaj, Skerdilajda UL; Gabszewicz, Jean

in Canadian Journal of Economics (2015)

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See detailInternational migration, transfer of norms and home country fertility
Beine, Michel UL; Docquier, Frédéric; Schiff, Maurice

in Canadian Journal of Economics (2013), 46(4), 1406-1430

This paper examines the relationship between international migration and source country fertility. The impact of international migration on source country fertility may have a number of causes, including ... [more ▼]

This paper examines the relationship between international migration and source country fertility. The impact of international migration on source country fertility may have a number of causes, including a transfer of destination countries’ fertility norms. We provide a rigorous test of the diffusion of fertility norms using highly detailed original data on migration. Our results provide evidence of a significant transfer of destination countries’ fertility norms from migrants to their country of origin: a 1% decrease (increase) in the fertility norm to which migrants are exposed reduces (raises) home country fertility by about 0.3%. [less ▲]

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See detailOn monopolistic competition and optimal product diversity: workers' rents also matter
Picard, Pierre M. UL; Toulemonde, Eric

in Canadian Journal of Economics (2009), 42(4), 1347-1360

In the Dixit-Stiglitz model of monopolistic competition, entry of rms is socially too small. Other authors have shown that excess entry is also a possibility with other preferences for diversity. We show ... [more ▼]

In the Dixit-Stiglitz model of monopolistic competition, entry of rms is socially too small. Other authors have shown that excess entry is also a possibility with other preferences for diversity. We show that workers rents also contribute to explain excess entry through a general equilibrium mechanism. Larger wages indeed raises the aggregate earnings and rms sales and pro ts, which entices too many rms to enter. We discuss the possibility of over-provision of varieties by comparing the equilibrium to unconstrained and constrained social optima and to other regulatory framework where wages are not controlled. [less ▲]

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See detailWelfare, home market effects, and horizontal foreign direct investment
Behrens, Kristian; Picard, Pierre M UL

in Canadian Journal of Economics (2007), 36(3), 523-545

We investigate the spatial distribution and organization of an imperfectly competitive industry when firms may choose to operate more than a single production unit. Focusing on a short-run setting with a ... [more ▼]

We investigate the spatial distribution and organization of an imperfectly competitive industry when firms may choose to operate more than a single production unit. Focusing on a short-run setting with a fixed mass of firms, we first fully characterize the spatial equilibria analytically. Comparing the equilibrium and the first-best, we secondly show that both organizational and spatial inefficiencies may arise. In particular, when fixed costs are low, when transport costs are high, and when products are close substitutes, the market outcome may well have to too many multinationals operating from a social point of view (`over-investment'). As a by-product, under-agglomeration of exporters in the larger market may arise. [less ▲]

Detailed reference viewed: 89 (3 UL)