Faculty of Economics
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Cambridge Working Papers in Economics (CWPE)
A new series of papers from the Faculty of Economics and the Department of Applied Economics, which supersedes the DAE Working Paper series
Recent Submissions
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The Exchange Rate Insulation Puzzle
(Faculty of Economics, University of Cambridge, 2021-01-21)The notion that flexible exchange rates insulate a country from foreign shocks is well grounded in theory, from the classics (Meade, 1951; Friedman 1953), to the more recent open economy literature (Obstfeld and Rogoff, ... -
Search Externalities in Firm-to-Firm Trade
(Faculty of Economics, University of Cambridge, 2021-01-19)I develop a model of firm-to-firm search and matching to show that the impact of falling trade costs on firm sourcing decisions and consumer welfare depends on the relative size of search externalities in domestic and ... -
Electrification and Welfare for the Marginalized: Evidence from India
(Faculty of Economics, University of Cambridge, 2021-01-19)Uneven electrication can be a source of welfare disparity. Given the recent progress of electrication in India, we analyze the differences in access and reliability of electricity, and its impact on household welfare for ... -
Rating the Competition: Seller Ratings and Intra-Platform Competition
(Faculty of Economics, University of Cambridge, 2021-01-14)Product ratings are commonplace on large online platforms, like Airbnb and Amazon Marketplace. One use for these ratings is to order search results. Platform owners are able to choose the extent to which ratings can be ...
