Asymmetric cultural discounting and pattern of trade in cultural products: Empirical evidence in motion pictures

We extend the seminal home market effect model of Helpman and Krugman (Market structure and foreign trade, MIT Press, Cambridge, MA, 1985) by incorporating asymmetric cultural discounting. In addition to the home market effect, our model predicts that a country subject to a relatively lower cultural...

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Veröffentlicht in:	World economy 2019-11, Vol.42 (11), p.3350-3367
Hauptverfasser:	Shin, Sunny Y., McKenzie, Jordi
Format:	Artikel
Sprache:	eng
Schlagworte:	Asymmetry cultural discount cultural trade Discounting Dominance Economic analysis Economic models Free trade home market effect Housing market Market structure Motion pictures Non-English speakers Statistics Trade liberalization
Online-Zugang:	Volltext
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