We highlight an example of considerable bias in officially published input-output data (factor-income shares) by an LDC (Turkey), which many researchers use without question. We make use of an...
Applied general equilibrium models with imperfect competition and economies of scale have been extensively used for analyzing international trade and development policy issues. They offer a natural...
On sunk costs and trade liberalization in applied general equilibrium
Jean Mercenier, Nicolas Schmitt
We argue that the rationalization gains often predicted by static applied general equilibrium models with imperfect competition and scale economies are artificially boosted by an unrealistic...
We highlight an example of considerable bias in officially published input-output data (factor-income shares) by an LDC (Turkey), which many researchers use without question. We make use of an...
Introducing heterogeneous discrete-choice making agents in applied GE models
Riccardo Magnani, Jean Mercenier
We show how datasets on heterogeneous individuals, making discrete supply and demand decisions, can be rigorously linked/aggregated into an applied GE model. We illustrate this on labor supply in an...
Population Ageing, Time allocation and Human Capital: a General Equilibrium Analysis for Canada
Maxime Fougère, Simon Harvey, Jean Mercenier, Marcel Mérette
Riccardo Magnani, Jean Mercenier
Our paper contributes to bridge the gap between the microsimulation’s approach and applied GE models, by making use of exact aggregation results from the discrete choice literature: heterogeneous...
Mercenier, Jean, Michel, Philippe
The computation of large-scale nonlinear intertemporal optimization problems requires time aggregation. A procedure generally adopted is shown to introduce a dependency of the solution steady state...
On Sunk Costs and Trade Liberalization in Applied General Equilibrium.
Mercenier, Jean, Schmitt, Nicolas
The authors argue that the rationalization gains often predicted by static applied general equilibrium models with imperfect competition and scale economies are artificially boosted by an unrealistic...
On intertemporal general-equilibrium reallocation effects of Europe's move to a single market
Jean Mercenier, Bernardin Akitoby
This paper provides intertemporal general-equilibrium investigation of the welfare and employment consequences of Europe’s move to a unified market, using a multicountry, multisector applied model...
Temporal aggregation in a multi-sector economy with endogenous growth
Jean Mercenier, Philippe Michel
We provide a theoretical treatment of temporal aggregation in models that exhibit long-term endogenously-generated steady growth; hence generalizing our previous analysis (Econometrica 62, 1994, pp....
Since the publication of Harris (1984), applied general equilibrium models with imperfect competition and economies of scale have been extensively used for analyzing international trade and...
A Simple Model of Offshore Outsourcing,Technology Upgrading and Welfare
We adapt Yeaple's (2005) heterogeneous agents framework to model firms in the North as making explicit offshore outsourcing decisions to cheap-labor economies. Globalization results from a lowering...
Population ageing, time allocation and human capital: A general equilibrium analysis for Canada
Fougère, Maxime, Harvey, Simon, Mercenier, Jean, Mérette, Marcel
Ageing Overlapping generations model Time allocation Human capital Labour supply
Magnani, Riccardo, Mercenier, Jean
Our paper contributes by bridging the gap between the (partial equilibrium) microsimulation and the computable general equilibrium (CGE) approaches, by making use of exact aggregation results from...
On Turkey's European Trade Policy: How Desirable is a Status Quo
Mercenier, Jean, Yeldan, Erinc
International Relations/Trade,