The present study examines the optimal concentration and R&D subsidy/taxation policies under the dual government goals of maximizing current welfare and achieving technological superiority internationally (national champions) in an oligopolistic trading market. We find that, in order to maximize...

This paper employs a sequential trade competition model to analyze differential trade effects on an emerging market. We find that free trade is not able to alter the ex post dominance of the foreign incumbents and, conversely, emerging market protectionism will reduce the dominance, and the...

This paper sets out a duopolistic model to examine the price and welfare equivalence of tariffs and quotas, given the quota rent is equal to the tariff revenue. It shows that the domestic welfare ranking of the two trade policies crucially depends on the relative costs of the domestic and...