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Author : Aldo Rustichini
Publisher :
ISBN 13 :
Total Pages : 658 pages
Book Rating : 4.:/5 (31 download)
Download or read book Flexibility Versus Commitment in Strategic Trade Policy Under Uncertainty written by Aldo Rustichini and published by . This book was released on 1990 with total page 658 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Giovanni Maggi
Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.:/5 (318 download)
Download or read book Strategic Trade Policies with Uncertainty about the Mode of Inter-firm Competition written by Giovanni Maggi and published by . This book was released on 1993 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Simon Grant
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)
Download or read book Strategic Trade Policy Under Uncertainty written by Simon Grant and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Haokai Ning
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Uncertainty, Market Structure and Strategic Trade Policy written by Haokai Ning and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We introduce demand uncertainty into the context of strategic trade policy in an export rivalry market model, and we examine endogenous timing in the framework of Cournot-Stackelberg duopoly when firms decide in the first stage whether to set output level before or after resolution of uncertainty. In the absence of government intervention, both Cournot outcome and Stackelberg outcome could emerge in the equilibrium depending on market volatility and cost difference between firms. Under bilateral export subsidies, both firms tend to prefer making output decisions after the resolution of uncertainty which yields only the Cournot market structure. This result holds for any degrees of uncertainty, regardless whether the firm has cost advantage over its rival or not.
Author : Mustafa O. Caglayan
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Uncertainty Resolution and Strategic Trade Policy in Oligopolistic Industries written by Mustafa O. Caglayan and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates a government's choice of strategic trade policy when the domestic firm observes a private noisy signal about the stochastic market demand while in competition with a rival firm. The government chooses between quantity controls and subsidies to maximize profits of the domestic firm. Assuming that firms compete a la Cournot in a third country, we show that the optimal trade policy depends not only on demand uncertainty but also on the predictability of the true market demand by the firms.
Author : Lanny David Arvan
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (741 download)
Download or read book Flexibility Versus Commitment in Strategic Trade Policy Under Uncertainty written by Lanny David Arvan and published by . This book was released on 1990 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gene M. Grossman
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.F/5 ( download)
Download or read book Strategic Trade Policy written by Gene M. Grossman and published by . This book was released on 1985 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : S. Lael Brainard
Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (261 download)
Download or read book Strategic Trade Policy with Incompletely Informed Policymakers written by S. Lael Brainard and published by . This book was released on 1992 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Ever since the inception of research on strategic trade policy, economists have warned that the informational requirements are high, and unlikely to be met in practice. This paper investigates the implications of incomplete information for a simple, rent-shifting trade policy of the type proposed in Brander-Spencer (1985). We find that asymmetric information undermines the precommitrnent effect of unilateral government intervention. This "screening" effect induces a downward distortion in the optimal subsidy, and it may be so great as to require a tax rather than a subsidy for high levels of uncertainty, given a zero-profit participation constraint. Second, in contrast to the full-information case with strategic substitutes, the introduction of a rival interventionist government reinforces rather than countervails the precommitment effect, by reducing the incentive for the domestic firm to misrepresent its private information. Finally, when a nonintervention-profit participation constraint is substituted for the conventional zero-profit participation constraint to take into account the special relationship between firms and policymakers in trade, the government eschews intervention altogether for high levels of uncertainty.
Author : Paul R. Krugman
Publisher : MIT Press
ISBN 13 : 9780262610452
Total Pages : 330 pages
Book Rating : 4.6/5 (14 download)
Download or read book Strategic Trade Policy and the New International Economics written by Paul R. Krugman and published by MIT Press. This book was released on 1986 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume of original essays brings the practical world of trade policy and of government and business strategy together with the world of academic trade theory. It focuses in particular on the impact of changes in the international trade environment and on how new developments and theory can guide our trade policy.Contents: New Thinking about Trade Policy, Paul Krugman (Sloan School of Management, MIT). Rationales for Strategic Trade and Industrial Policy, James A. Brander (University of British Columbia). Strategic Export Promotion: A Critique, Gene M. Grossman (Woodrow Wilson School, Princeton University). Government Policy and the Dynamics of International Competition in High Technology, Michael Borrus, Laura d'Andrea Tyson, and John Zysman (all at the University of California, Berkeley). What Should Trade Policy Target? Barbara Spencer (University of British Columbia). Credit Policy and International Competition, Jonathan Eaton (University of Virginia). Industrial Policy: An Overview, Geoffrey Carliner (National Bureau of Economic Research). Japan's Industrial Strategy, Kozo Yamamura (University of Washington). U.S. Trade and Industrial Policy, William R. Cline (Institute for International Economics). Strategic Behavior and Trade Policy, Alvin K. Klevorick (Yale University) and William Branson (Princeton University). The New Political Economy of Trade Policy, J. David Richardson, (University of Wisconsin). Trade Policy: An Agenda for Research, Avinash K. Dixit (Woodrow Wilson School, Princeton University).Paul Krugman is Professor of Economics at MIT. A former member of the staff of the Council of Economic Advisers, Krugman is also coauthor, with Elhanan Helpman, of Market Structure and Foreign Trade (MIT Press 1985).
Author : Krešimir Žigić
Publisher :
ISBN 13 : 9788090232549
Total Pages : 37 pages
Book Rating : 4.2/5 (325 download)
Download or read book Strategic Trade Policy, Spillovers, and Uncertain Mode of Competition written by Krešimir Žigić and published by . This book was released on 1998 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Haokai Ning
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (136 download)
Download or read book Essays in Incomplete Information and Trade Policy written by Haokai Ning and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic trade policy has been one of the most intensively researched areas in theory of industrial organization and international trade over the last three decades. The fundamental motivation is that governments adopt trade polices to confer strategic advantage to their respective domestic firms when firms are imperfectly competing with each other. However, most of existing literature focuses on markets with certainty and complete information among firms. This dissertation introduces incomplete information at industrial level into uncertainty markets in various trade models, and it also integrates the concept of option value from financial economics into equilibrium analysis. In Chapter 1, incomplete information at industrial level is introduced into an importing country model in which the domestic market demand is uncertain, and the policy is chosen before the uncertainty is resolved. Unlike the classical findings on the issue of equivalence of tariffs and quotas under certainty and complete information, it is shown that a tariff is superior to a quota regardless of the degree of uncertainty. Moreover, a prohibitive quota that results in autarky is always preferred to a quota at the free-trade level as long as quota is concerned. Chapter 2 studies the design of trade policies in an uncertain third market with incomplete information. It is shown that the country with firm having information disadvantage tends to choose the direct quantity control, while the country with well-informed firm would use export subsidy (export quota) when the degree of uncertainty is sufficiently high (low). Finally, Chapter 3 extends the conventional literature on strategic trade policy in reciprocal dumping model to the context that involves market demand uncertainty and incomplete information. Incomplete information at industrial level redistributes the option value associated with better information to the country with well-informed firm. As a result, both governments tend to choose tariffs over export subsidies in the Nash equilibrium of the simultaneous strategic trade policy games under complete and incomplete information. This yields a second best outcome. Moreover, Nash equilibrium outcome is shown to be inferior to free-trade outcome.
Download or read book Information and Disclosure in Strategic Trade Policy written by and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Krešimir Žigić
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Strategic Trade Policy, Spillovers, and the Uncertain Mode of Competition written by Krešimir Žigić and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we discuss the incentives of a welfare maximizing government to implement strategic trade policy when there is, on the one hand, uncertainty about the relevant market information (like the type of competition, demand function, cost function, etc.), but, on the other hand, the environment of the contest between the firms is specific: there are two firms and the interaction among them is accompanied by technological spillovers from the domestic firm to the foreign firm. The two bench mark oligopoly models - Bertrand and Cournot - are assumed to be possible types of market competition. In order to analyse the problem of strategic policy under uncertainty, it is first necessary to work out in depth the optimal tariff policy in perfect information setup for both the Cournot and the Bertrand case. We argue, then, that the "informational" criticism of strategic trade policy is less relevant than was previously thought.
Author : James A. Brander
Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.:/5 (318 download)
Download or read book Strategic Trade Policy written by James A. Brander and published by . This book was released on 1995 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the literature on strategic trade policy. Strategic trade policy is defined as trade policy that conditions or alters a strategic relationship between firms, implying that strategic trade policy focuses primarily on trade policy in the presence of oligopoly. The key point is that strategic relationships between firms introduce additional motives for trade policy, over and above terms of trade and other effects that arise in all market structures. I demonstrate this general point using a simple game theoretic framework, then present the major results of strategic trade policy using two models: the 'third market' model, in which oligopolistic firms in two exporting nations export the good in question exclusively to a third country; and the 'reciprocal markets' model, in which firms in two countries compete in each others' markets. The paper makes the well-known point that slight differences in model structure can give rise to strikingly different trade policy implications, but also seeks to emphasize the robust general points that emerge from the literature.
Author : Mustafa Çağlayan
Publisher :
ISBN 13 :
Total Pages : 13 pages
Book Rating : 4.:/5 (13 download)
Download or read book Uncertainty Resolution and Strategic Trade Policy in Oligopolistic Industries written by Mustafa Çağlayan and published by . This book was released on 1998 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Marc Bacchetta
Publisher :
ISBN 13 : 9789287038128
Total Pages : 0 pages
Book Rating : 4.0/5 (381 download)
Download or read book A Practical Guide to Trade Policy Analysis written by Marc Bacchetta and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade flows and trade policies need to be properly quantified to describe, compare, or follow the evolution of policies between sectors or countries or over time. This is essential to ensure that policy choices are made with an appropriate knowledge of the real conditions. This practical guide introduces the main techniques of trade and trade policy data analysis. It shows how to develop the main indexes used to analyze trade flows, tariff structures, and non-tariff measures. It presents the databases needed to construct these indexes as well as the challenges faced in collecting and processing these data, such as measurement errors or aggregation bias. Written by experts with practical experience in the field, A Practical Guide to Trade Policy Analysis has been developed to contribute to enhance developing countries' capacity to analyze and implement trade policy. It offers a hands-on introduction on how to estimate the distributional effects of trade policies on welfare, in particular on inequality and poverty. The guide is aimed at government experts engaged in trade negotiations, as well as students and researchers involved in trade-related study or research. An accompanying DVD contains data sets and program command files required for the exercises. Copublished by the WTO and the United Nations Conference on Trade and Development
Author : Kit-pong Wong
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (389 download)
Download or read book Endogenous Sequencing in Strategic Trade Policy Games Under Uncertainty written by Kit-pong Wong and published by . This book was released on 1996 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
