Canadian Journal of Economics-Revue Canadienne D Economique最新文献

{"title":"Is free trade good for renewable resources? Brander and Taylor redux","authors":"M. Scott Taylor","doi":"10.1111/caje.70061","DOIUrl":"https://doi.org/10.1111/caje.70061","url":null,"abstract":"<p>This paper generalizes the original Brander and Taylor model of open-access renewable resource use and trade to address three common critiques. First, I introduce heterogeneity across agents in harvesting productivity to smooth out the model's extreme specialization patterns while maintaining its Ricardian structure and tractability. Second, I move beyond the original assumption of open access by constructing a policy stringency function allowing for partial, first-best, and endogenous resource policy. Third, by exploiting the smooth substitution possibilities generated by agent heterogeneity and the insight that policy stringency functions are likely to vary across countries, I show how the model's core predictions can be evaluated using empirical methods related to those in growth econometrics.</p>","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"59 2","pages":"449-479"},"PeriodicalIF":0.9,"publicationDate":"2026-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/caje.70061","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148696583","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Household food inflation in Canada","authors":"Olena Kostyshyna,&nbsp;Maude Ouellet","doi":"10.1111/caje.70073","DOIUrl":"https://doi.org/10.1111/caje.70073","url":null,"abstract":"<p>We study household-level food inflation rates during low-inflation, pandemic and postpandemic inflation surge periods using Canadian homescan data for 2012Q4–2023Q4. Our results about household inflation rates during low inflation are consistent with evidence for the United States (Kaplan and Schulhofer-Wohl 2017). During the postpandemic inflation surge, we find that the dispersion in household-level inflation rates increased and that the correlation between household-level inflation rates and aggregate inflation became stronger. Households shopping more frequently, shopping at more stores or buying more on sale experienced lower food inflation, and households relied more on these strategies to lower their inflation in the high-inflation period. Consumers substituted more toward lower-priced products with the postpandemic increase in inflation. Lower-income households experienced higher food inflation rates. These findings have implications for the welfare costs of inflation.</p>","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"59 2","pages":"556-604"},"PeriodicalIF":0.9,"publicationDate":"2026-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148695847","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"To name your venture after Oxbridge or not, that is the question!","authors":"Thomas Hellmann,&nbsp;Junida Mulla,&nbsp;Matthias Qian","doi":"10.1111/caje.70059","DOIUrl":"https://doi.org/10.1111/caje.70059","url":null,"abstract":"<p>This paper examines the significance of including a company's location of origin in its name, a practice known as using an eponymous location name. Our theory demonstrates that signalling an origin from a prestigious location is an appealing strategy for relatively weaker companies, whereas stronger companies tend to avoid it. We empirically test this theory on a sample of UK university spin-outs from 2010 to 2021. Eponymous location names are particularly prevalent among spin-outs from Oxbridge (i.e., Oxford and Cambridge). As predicted by our theory, eponymous location names are negatively related to measures of fundraising success after controlling for spin-out origin.</p>","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"59 2","pages":"510-537"},"PeriodicalIF":0.9,"publicationDate":"2026-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148696303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"e-Globalization and trade agreements","authors":"Phillip McCalman","doi":"10.1111/caje.70072","DOIUrl":"https://doi.org/10.1111/caje.70072","url":null,"abstract":"<p>The global success of online search and social media stems from free access and high quality—both enabled by a business model that monetizes personal data through targeted advertising. But does this model yield socially desirable outcomes? We examine how a global monopoly platform chooses privacy protection and service quality. Under a free-service model, it overexploits data and underprovides quality relative to a global planner. Yet, even with distortions on both margins, stronger privacy protection alone can improve global welfare—and may even boost quality. When privacy policy is set nationally, large countries often align with global interests due to a “Brussels Effect,” where platform responses to one country's policy spill over globally. This alignment reduces the need for privacy rules in trade agreements. In contrast, ad tech taxes create “beggar-thy-neighbour” incentives, making them a clear case for international cooperation.</p>","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"59 2","pages":"664-691"},"PeriodicalIF":0.9,"publicationDate":"2026-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148696012","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Trade policy uncertainty, organization of firms, and the form of international trade","authors":"Felix Fosu","doi":"10.1111/caje.70067","DOIUrl":"https://doi.org/10.1111/caje.70067","url":null,"abstract":"<p>This paper investigates the hypothesis that lower trade policy uncertainty (TPU) reduces the share of intrafirm trade in total trade. A significant change in US-China TPU occurred in 2001 when China joined the WTO, providing a natural experiment to test this hypothesis. Using a difference-in-differences approach with industry-level US data, I examine the trade effects of this change. The results indicate that the reduction in TPU between the US and China led to a significant increase in both US arm's-length and intrafirm imports from China compared to pre-WTO levels. Notably, the effect of TPU on arm's-length trade is approximately twice that on intrafirm trade, with the disparity largely attributed to sunk costs. A simple model of production location and ownership choice under policy uncertainty provides a conceptual framework for understanding these findings.</p>","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"59 2","pages":"636-663"},"PeriodicalIF":0.9,"publicationDate":"2026-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/caje.70067","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148696357","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Market expansion and litigation deterrence effects of patents: Evidence from Chinese exporters","authors":"Xinghua Deng,&nbsp;Ran Jing,&nbsp;John Ries","doi":"10.1111/caje.70068","DOIUrl":"https://doi.org/10.1111/caje.70068","url":null,"abstract":"<p>China's overseas patents grew rapidly in the past two decades at the same time as China became the world's largest exporter of merchandise goods. This paper investigates the effects of overseas patents on the volume and prices of Chinese firms' exports. We consider two channels. First, patents prevent imitation and rival entry, leading to higher quantities and prices. Second, patents reduce the likelihood of litigation and can allow firms to price more aggressively if they are keeping prices high to deter potential litigation in the export market. We find evidence of both. Both channels predict a higher quantity of exports, and we find evidence of that in the data. We also compile evidence consistent with patents allowing Chinese firms to price more aggressively (lower prices).</p>","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"59 2","pages":"480-509"},"PeriodicalIF":0.9,"publicationDate":"2026-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/caje.70068","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148696358","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Income distribution, taxation and shifting in a federal fiscal structure","authors":"Federico Revelli,&nbsp;Tsung-Sheng Tsai,&nbsp;Roberto Zotti","doi":"10.1111/caje.70055","DOIUrl":"https://doi.org/10.1111/caje.70055","url":null,"abstract":"<p>We study income tax competition in a structure of two adjacent two-tier (federal-regional) fiscal federations, where both upper-tier and lower-tier authorities tax income in the presence of income shifting within and between the federations. We show that when the federations are symmetric, horizontal competition leads to income-shifting flows from rich regions (setting higher income tax rates) to poor regions (setting lower tax rates), both within and between federations. Moreover, income-shifting facilities intensify tax competition, potentially increasing income redistribution from wealthier to poorer regions. However, in the case of asymmetric federations, the relationship between regional income tax rate and tax base and the resulting direction of inter-regional income-shifting flows are ambiguous due to the operation of vertical and diagonal fiscal externalities.</p>","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"59 2","pages":"605-635"},"PeriodicalIF":0.9,"publicationDate":"2026-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148696530","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Introduction to the Symposium in Honour of James A. Brander","authors":"Zhiqi Chen","doi":"10.1111/caje.70062","DOIUrl":"https://doi.org/10.1111/caje.70062","url":null,"abstract":"&lt;p&gt;As a former managing editor of the &lt;i&gt;Canadian Journal of Economics&lt;/i&gt;, I am pleased to introduce this symposium in honour of James (“Jim”) Alan Brander. To readers of this journal, Jim needs no introduction. He is a leading economist best known for shaping modern international trade theory. Born in 1953, Jim completed his undergraduate studies in economics at the University of British Columbia (UBC) in 1975. He earned his PhD in economics from Stanford University in 1979 and began his academic career as an assistant professor at Queen's University in the same year. In 1984, he moved to UBC's business school, where he has been a foundational figure and an intellectual leader for four decades.&lt;/p&gt;&lt;p&gt;Over his career, Jim has published a great number of impactful papers on a wide range of topics spanning fields that include international trade, industrial organization, finance and resource economics. However, he is best known for his role as a primary architect of New Trade Theory that emerged in the late 1970s and early 1980s. His PhD dissertation (Brander &lt;span&gt;1979&lt;/span&gt;) develops a revolutionary theory of intra-industry trade using a model of oligopoly and trade. Moreover, Jim's collaborative research with Barbara Spencer on strategic trade policy (Brander and Spencer &lt;span&gt;1981&lt;/span&gt;, &lt;span&gt;1983&lt;/span&gt;, &lt;span&gt;1984a&lt;/span&gt;, &lt;span&gt;1984b&lt;/span&gt;, &lt;span&gt;1985&lt;/span&gt;, Spencer and Brander &lt;span&gt;1983&lt;/span&gt;) was fundamental in the transformation of international trade from a field centred on perfect competition to one that incorporates strategic behaviour of firms and governments.&lt;/p&gt;&lt;p&gt;Beyond international trade, Jim's research has made major contributions to several other fields of economics. For example, his pioneering work with Tracy Lewis (Brander and Lewis &lt;span&gt;1986&lt;/span&gt;, &lt;span&gt;1988&lt;/span&gt;) applies an industrial organization perspective to corporate finance, demonstrating how a firm's capital structure (specifically, its level of debt) influences its strategic behaviour in an oligopolistic market. Furthermore, Jim's influential papers with Scott Taylor (Brander and Taylor &lt;span&gt;1997a&lt;/span&gt;, &lt;span&gt;1997b&lt;/span&gt;, &lt;span&gt;1998a&lt;/span&gt;, &lt;span&gt;1998b&lt;/span&gt;) integrate international trade theory with resource economics. A key insight from these studies is that international trade in open-access renewable resources can reduce the welfare of resource-exporting countries, thus challenging the traditional presumption of “gains from trade.”&lt;/p&gt;&lt;p&gt;Jim's impact extends far beyond the confines of academic research. He has served as the president of the Canadian Economics Association (2009–2010), managing editor of the &lt;i&gt;Canadian Journal of Economics&lt;/i&gt; (1997–2001), co-editor of the &lt;i&gt;Journal of International Economics&lt;/i&gt; (1991–1996) and senior associate dean in the Sauder School of Business at UBC (1999–2003). Moreover, Jim has shaped generations of economists through his four decades of teaching and supervision of students at UBC. As a dedicated advi","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"59 2","pages":"422-424"},"PeriodicalIF":0.9,"publicationDate":"2026-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/caje.70062","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148696304","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The geography of economic mobility in 19th-century Canada","authors":"Luiza Antonie,&nbsp;Kris Inwood,&nbsp;Chris Minns,&nbsp;Fraser Summerfield","doi":"10.1111/caje.70058","DOIUrl":"https://doi.org/10.1111/caje.70058","url":null,"abstract":"<p>This paper uses linked Census records from 1871 to 1901 to compute intergenerational mobility for Canadian regions and census divisions. The results reveal sharp differences in mobility over space: Ontario featured high relative and absolute mobility, Quebec low relative and absolute mobility and the Maritimes low absolute mobility. Local differences in human capital endowments and labour market inequality are correlated with division mobility patterns but do not account for regional differences, where migration and structural change toward industry and services appear important. Comparing spatial patterns of Canadian mobility in the 19th century to today shows substantial changes for Quebec districts.</p>","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"59 2","pages":"747-773"},"PeriodicalIF":0.9,"publicationDate":"2026-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/caje.70058","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148696411","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"James A. Brander: A tribute","authors":"Douglas A. Irwin","doi":"10.1111/caje.70064","DOIUrl":"https://doi.org/10.1111/caje.70064","url":null,"abstract":"","PeriodicalId":47941,"journal":{"name":"Canadian Journal of Economics-Revue Canadienne D Economique","volume":"59 2","pages":"552-555"},"PeriodicalIF":0.9,"publicationDate":"2026-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148696305","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}