Sleeping together: Network effects and sleep duration

Xiaodong Liu, Eleonora Patacchini, Edoardo Rainone, 28 January 2014

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Nearly a third of a person's life is spent in slumber. In the US those with insomnia spend about $1 billion a year on prescription sleep aids, and another $1 billion on over-the-counter sleep medications (Yaniv 2004).

Topics: Education, Health economics
Tags: network effects, peer groups, sleep

Multilateralising 21st-century regionalism

Richard Baldwin, 20 January 2014

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Trade and trade agreements used to be relatively simple. Trade primarily meant trade in ‘made-here-sold-there’ goods, so 20th-century regional and multilateral trade agreements dealt primarily with barriers to goods crossing borders – especially tariffs. For governments, the key purpose of trade and trade agreements was to help their firms sell things.

Topics: Global governance, International trade
Tags: global value chain, harmonisation, megaregionals, network effects, regional trade agreements, supply chains, trade, WTO

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