International fiscal policy transmission in the presence of an economic union
In: Research report or occasional paper 198
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In: Research report or occasional paper 198
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 30, Heft 3, S. 447-453
ISSN: 0161-8938
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 30, Heft 3, S. 447-454
ISSN: 0161-8938
In: Global economic review, Band 35, Heft 4, S. 381-396
ISSN: 1744-3873
In: Journal of economics and business, Band 57, Heft 3, S. 259-271
ISSN: 0148-6195
In: Journal of economics, Band 78, Heft 3, S. 259-272
ISSN: 1617-7134
In: Journal of economics, Band 74, Heft 3, S. 259-281
ISSN: 1617-7134
In: The quarterly review of economics and finance, Band 41, Heft 1, S. 19-31
ISSN: 1062-9769
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 20, Heft 1, S. 1-9
ISSN: 0161-8938
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 20, Heft 1, S. 1-10
ISSN: 0161-8938
In: Journal of economics, Band 65, Heft 2, S. 201-215
ISSN: 1617-7134
In: The Canadian Journal of Economics, Band 29, S. S382
In: Economics & politics, Band 36, Heft 2, S. 1076-1089
ISSN: 1468-0343
AbstractAs a platform for the trading of bulk commodities, securities, and futures, exchanges, characterized by platform‐like attributes, provide inexhaustible power for the further development of commodity economy through horizontal integration. This paper examines the international integration landscape of the modern exchanges through the lens of platform economy theory, specifically examining the ramifications of their horizontal integration on market efficiency. Employing the net utility hypothesis within the Hotelling model, we construct a nuanced trader utility model. Through a comparative analysis of platform profit, trader utility, and social welfare, the research discerns the impact of exchanges' horizontal integration. We highlight the intrinsic incentives for such integration within exchanges and put forth pertinent policy recommendations, adding a dimension of practical relevance to the academic discourse. The paper concludes by highlighting the role of government in promoting the efficiency of platform enterprises.
In: Emerging markets, finance and trade: EMFT, Band 58, Heft 1, S. 180-194
ISSN: 1558-0938
In: Economic Analysis and Policy, Band 62, S. 47-56