Now showing items 1-2 of 2

    • The Limits of political compromise: debt ceilings and political competition 

      Cunha, Alexandre Barros da; Ornelas, Emanuel
      2015
      We study the desirability of limits on the public debt and of political competition in an economy where political parties alternate in office. Due to rent-seeking motives, incumbents have an incentive to set public ...
    • Preferential trade agreements and global sourcing 

      Ornelas, Emanuel; Turner, John L.; Bickwit, Grant
      2019-07-01
      We study how a preferential trade agreement (PTA) affects international sourcing decisions, aggregate productivity and welfare under incomplete contracting and endogenous matching. Contract incompleteness implies ...