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There were some significant changes in trade ratios during the downturn.
Moreover, adjustments to intra-pollutant trade ratios reflecting the joint production of dis-similar pollutants can enhance efficiency.
We examine the optimal choices of inter- and intra-pollutant trade ratios when (i) some firms generate multiple pollutants affecting different media and (ii) permit caps are sub-optimal, having been exogenously specified by prior regulations.
This paper presents an assessment of the relative efficacy of three key instruments – baselines, trade ratios and limits - which are under policy discussion in the design of carbon offset programs.
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If you look at trade ratio to GDP, Vietnam is now probably second to Singapore.
While the first-best outcome is unobtainable in this setting, we find inter-pollutant trading enhances efficiency by offering an additional policy instrument: the inter-pollutant trade ratio.
We find that migration – and especially skilled migration -- positively affects trade and FDI (at both the extensive and intensive margins), and more so for the latter, resulting in an increase in the FDI to trade ratio, as predicted by our model.
We first present a model of exports and FDI-sales by heterogeneous firms where a (migration-induced) reduction in the fixed costs of setting up either an export or a production facility abroad results in an increase in trade (under certain conditions), FDI-sales and most importantly in the FDI-sales to trade ratio.
In particular, two regulatory measures have been put forward: order-to-trade ratios and transaction taxes.
We investigate the effects of introducing a fee on excessive order-to-trade ratios (OTRs) on market quality at the Oslo Stock Exchange OSEE).
Under asymmetric information, we derive necessary conditions for the marginal damage trading ratios to be optimal, illustrate that the marginal damage trading ratios are generally not optimal, and show how to improve efficiency using optimal trading ratios.
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