News Article | May 4, 2017
28 April, Geneva, Switzerland. G20 AND THE EVOLUTION OF THE GLOBAL TRADE AND INVESTMENT REGIME: FROM CRISIS MANAGEMENT TO VISION AND LEADERSHIP? This dialogue is jointly organised by the International Centre for Trade and Sustainable Development (ICSTD) and the Friedrich-Ebert-Stiftung (FES) Geneva office. The focus of the dialogue will be on the trade and investment agenda for the G20, first reviewing and reflecting on this year’s agenda and then moving to the prospects for 2017 and 2018. The sessions will be followed by a roundtable discussion on the interlinkages between trade and climate policy, specifically within the context of the G20’s work. Please note that attendance for this event is by invitation only. For more information, please visit the ICTSD website. 2 May, London, UK. CHATHAM HOUSE PRIMER: THE VOTE FOR BREXIT. This Chatham House event will feature as its guest speaker Matthew Goodwin, co-author of “Brexit: Why Britain Voted to leave the European Union,” to examine what factors motivated a majority of British voters to vote for leaving the EU. The talk will address topics ranging from the driving forces behind Euroscepticism and possible Brexit deals that would win the approval of those who voted to leave. To learn more and to register, please visit the Chatham House website. 1-3 May, Yokohama, Japan. GLOBAL THINK TANK SUMMIT 2017. This two-day summit is jointly organised by the Asian Development Bank Institute (ADBI) and the Think Tanks and Civil Societies Program (TTCSP) of the University of Pennsylvania. This conference aims to bring together policymakers and think tank representatives from dozens of organisations across the world to discuss key policy issues of today. Please note that attendance is by invitation only. For more information on this summit, please visit the ADBI website. An updated list of forthcoming WTO meetings is posted here. Please bear in mind that dates and times of WTO meetings are often changed, and that the WTO does not always announce the important informal meetings of the different bodies. Unless otherwise indicated, all WTO meetings are held at the WTO, Centre William Rappard, rue de Lausanne 154, 1211 Geneva, Switzerland, and are open to WTO Members and accredited observers only. 3 May: Council for Trade in Services – Special Session 10 May, Geneva, Switzerland. 10TH ANNUAL UPDATE ON WTO DISPUTE SETTLEMENT. This event will be held at the Graduate Institute and will consist of an overview session followed by a roundtable discussion. The event will cover the WTO’s dispute-related activities and developments over the past year. Its speakers will include WTO Deputy Director-General Karl Brauner, South African WTO Ambassador and Dispute Settlement Body Chairperson Xavier Carim, and Appellate Body Chairperson Thomas Graham, among others. To learn more and to register, please visit the Graduate Institute website. 11 May, London, UK, and online. REFUGEES: ARE JOBS THE ANSWER? This event is organised by the Overseas Development Institute (ODI) and will feature an expert panel to discuss the creation of economic opportunities for refugees. Specifically, the panel will discuss the possibility of creating Special Economic Zones (SEZ) where business and trade laws could be revised to allow refugees to work within the zone. This event is open to the public and will be streamed online. To learn more and register, or watch online, visit the ODI website. 19-20 May, Singapore. THIRD CONFERENCE ON GLOBAL VALUE CHAINS, TRADE AND DEVELOPMENT. This conference is being organised by the Centre for Economic Policy Research (CEPR) and the World Bank Group and will feature as its guest speakers Shang-Jin Wei from the Columbia Business School and CEPR and David Chor from the National University of Singapore. The aim of this conference will be to foster new ideas and research on the subject of global value chains. To learn more and to register, please visit the World Bank website. 23 May, Stockholm, Sweden. TRADE AND CLIMATE ACTION POST-PARIS: LEVERAGING SYNERGIES. This event is being organised jointly by the International Centre for Trade and Sustainable Development (ICTSD) and Sida, Sweden’s development policy agency. The event will examine the relationship between trade, sustainable development, and climate action in the context of the UN’s Paris Agreement on climate change. The objective is to have a discussion over ways trade policy can support climate action, along with ensuring that efforts to support the latter objective do not have overly trade-distorting effects. For more information, including an event programme, please visit the ICTSD website. 26-28 September, Geneva, Switzerland. WTO PUBLIC FORUM 2017. This year’s edition of the WTO’s outreach event will have as its theme “Trade: Behind the Headlines.” The meeting will aim to look at the real-life implications of trade, as opposed to rhetoric, and will also look at how trade can support the 2030 Agenda for Sustainable Development and related issues. A call for proposals is currently open for those who wish to organise sessions at this year’s forum, with a due date of 4 June 2017. To learn more, please visit the WTO website.
Mason R.,University of Exeter |
Weeds H.,CEPR |
Weeds H.,University of Essex
International Journal of Industrial Organization | Year: 2010
This paper examines irreversible investment in a project with uncertain returns, when there is an advantage to being the first to invest and externalities to investing when others also do so. We show that the possibility of pre-emption can have significant qualitative and quantitative effects on the relationship between uncertainty and investment. In a single-agent real options model, the trigger threshold for investment increases without bound as uncertainty grows. In contrast, the investment trigger of a leader faced with pre-emption is bounded above as uncertainty increases. In fact, we show that under certain parameter values, greater uncertainty can lead the leader to invest earlier. These findings reinforce the importance of extending real options analysis to include strategic interactions between players. Applications to industry situations are also discussed. © 2009 Elsevier B.V. All rights reserved.
Baldwin R.E.,Graduate Institute |
Evenett S.J.,CEPR |
Evenett S.J.,University of St. Gallen
Oxford Review of Economic Policy | Year: 2012
Since the onset of the global financial crisis in 2007 governments have resorted to beggar-thy-neighbour measures. Conforming to previous historical bouts of protectionism the form of discrimination against cross-border discrimination changed. As well as documenting government attempts to tilt the playing field towards domestic firms, this paper discusses the causes and apparent constraints on contemporary protectionism and concludes with a discussion of steps that can be taken to maintain the wide variety of cross-border commercial flows seen in the twenty-first century. © The Authors 2012. Published by Oxford University Press.
Evenett S.J.,University of St. Gallen |
Vines D.,CEPR |
Vines D.,University of Oxford |
Vines D.,Australian National University
Oxford Review of Economic Policy | Year: 2012
This paper examines the multilateral governance of trade along with the prospects for its meaningful reform, in the light of recent, crisis-era discrimination against the many types of cross-border commerce. Prior episodes of protectionism provide a useful benchmark. The findings are not optimistic. The current set of multilateral rules is incomplete, has weak incentives for compliance, and can be readily circumvented. Only a far-reaching revision of these rules could induce more restraint. © The Authors 2012. Published by Oxford University Press.
Breinlich H.,University of Nottingham |
Nocke V.,CEPR |
Nocke V.,University of Mannheim |
Schutz N.,University of Mannheim
International Journal of Industrial Organization | Year: 2016
This paper surveys the literature on merger policy in open economies. We first adopt a reduced-form approach to derive general insights on the scope for conflict between national antitrust authorities and on the gains from international merger policy coordination. Taking trade costs as given, we use standard oligopoly models to derive conditions on market structure, under which underenforcement or overenforcement of national merger policies can arise. We then study the interactions between merger policy and trade policy, and find that trade liberalization often leads to stricter national merger policies. We conclude by discussing empirical evidence on conflict between antitrust authorities. © 2016 Elsevier B.V.
Gould E.D.,Hebrew University |
Gould E.D.,Institute for the Study of Labor |
Lavy V.,Hebrew University |
Lavy V.,Institute for the Study of Labor |
And 3 more authors.
Review of Economic Studies | Year: 2011
This paper estimates the effect of the early childhood environment on a large array of social and economic outcomes lasting almost 60 years. To do this, we exploit variation in the living conditions experienced by Yemenite children after being airlifted to Israel in 1949. We find that children who were placed in a more modern environment (i.e. with better sanitary and infrastructure conditions) were more likely to obtain higher education, marry at an older age, have fewer children, and work at age 55. They were also more likely to be assimilated into Israeli society, to be less religious, and have more worldly tastes in music and food. However, these effects are found mainly for women and not for men. We also find an effect on the next generation-children who lived in a better environment grew up to have children with more education. © The Author 2011.
News Article | February 28, 2017
Applied Predictive Technologies (APT) announced today that it has entered into a Service Agreement with the Center for Education Policy Research (CEPR) at Harvard University in order to provide the Center’s Proving Ground project with software and associated services for the project’s work on evidence-based school improvement and redesign. Proving Ground will utilize the software and associated services to analyze the impact of initiatives across its national network of district and charter schools in areas such as curricula, intervention, operations, and capital expenditures. Proving Ground is currently using the software to analyze the impact of online mathematics instructional software on student performance. APT Vice President Matt Lindsay said, “We are excited to support Proving Ground in its mission of data-driven program evaluation and informed decision-making across its national community of school districts.” About APT APT, a Mastercard Company, is a leading cloud-based analytics software company that enables organizations to rapidly and precisely measure cause-and-effect relationships between business initiatives and outcomes to generate economic value. Our intuitive and proprietary Test & Learn® software utilizes sophisticated algorithms to analyze large amounts of data, enabling business leaders to conduct experiments and allowing them to make optimal decisions and implement business initiatives at scale. APT also offers products that support decision-making for specific business needs including transaction analysis, space planning, promotion design, category management and location selection. APT has offices in Washington, D.C., San Francisco, London, Bentonville, Taipei, Tokyo, Sydney, Chicago, and New York. Visit http://www.predictivetechnologies.com to learn more.
Brito D.,New University of Lisbon |
Cabral L.,New York University |
Vasconcelos H.,CEPR |
Vasconcelos H.,University of Porto
International Journal of Industrial Organization | Year: 2014
We examine the consumer welfare effect of a firm's partial ownership of a competitor and compare the implications of alternative forms of divestiture. We identify conditions under which turning voting shares into non-voting shares is preferable to selling the shares to the firm's current shareholders (an option frequently chosen). We also show that selling the voting shares to a large independent shareholder is preferable to selling them to small shareholders. We provide additional theoretical results and apply them to the divestiture of Portugal Telecom's holdings in PTM. © 2014 Elsevier B.V.
Forslid R.,CEPR |
Herzing M.,University of Stockholm
Health Economics (United Kingdom) | Year: 2015
This paper analyzes the profit maximizing capacity choice of a monopolistic vaccine producer facing the uncertain event of a pandemic in a homogenous population of forward-looking individuals. For any capacity level, the monopolist solves the intertemporal price discrimination problem within the dynamic setting generated by the standard mathematical epidemiological model of infectious diseases. Even though consumers are assumed to be identical, the monopolist will be able to exploit the ex post heterogeneity between infected and susceptible individuals by raising the price of vaccine in response to the increasing hazard rate. The monopolist thus bases its investment decision on the expected profits from the optimal price path given the infection dynamics. It is shown that the monopolist will always choose to invest in a lower production capacity than the social planner. Through numerical simulation, it is demonstrated how the loss to society of having a monopoly producer decreases with the speed of infection transmission. Moreover, it is illustrated how the monopolist's optimal vaccination rate increases as its discount rate rises for cost parameters based on Swedish data. However, the effect of the firm discount rate on its investment decision is sensitive to assumptions regarding the cost of production capacity. Copyright © 2014 John Wiley & Sons, Ltd. Copyright © 2014 John Wiley & Sons, Ltd.