Shipping the Good Horses Out
Publication in refereed journal


香港中文大学研究人员 ( 现职)

庄太量教授 (经济学系)

吴嘉豪教授 (经济学系)

全文

数位物件识别号 (DOI) http://dx.doi.org/10.4284/0038-4038-2012.038

引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/0WOS source URL

其它资讯

摘要The Alchian-Allen (1964) effect states that when a fixed per-unit cost is added to two substitutes, the more expensive (higher quality) one becomes relatively cheaper, and, thus, its consumption will increase. When applied to trade in vertically-differentiated goods, the importing regions demand relatively more high-quality goods. We examine how this result changes when the importing region is also endowed with the goods. We use a vertically-differentiated goods model with heterogeneous consumers in which prices are endogenously determined. We show that the importing regions with an endowment have a stronger Alchian-Allen effect than the regions that are not endowed. We use the auction data of Australian thoroughbred yearlings to empirically test our model and find consistent empirical patterns.

着者Eid J, Ng T, Chong TTL
期刊名称Southern Economic Journal
出版年份2http://aims.cuhk.edu.hk/converis/portal/Publication/013
月份1http://aims.cuhk.edu.hk/converis/portal/Publication/0
日期1
卷号8http://aims.cuhk.edu.hk/converis/portal/Publication/0
期次2
出版社UNIV NORTH CAROLINA
页次54http://aims.cuhk.edu.hk/converis/portal/Publication/0 - 561
国际标準期刊号http://aims.cuhk.edu.hk/converis/portal/Publication/0http://aims.cuhk.edu.hk/converis/portal/Publication/038-4http://aims.cuhk.edu.hk/converis/portal/Publication/038
语言英式英语

Web of Science 学科类别Business & Economics; Economics; ECONOMICS