Baake, Pio; Huck, Steffen - Abteilung "Ökonomik des Wandels", Wissenschaftszentrum … - 2013
We analyse a stylized model of the world grain market characterized by a small oligopoly of traders with market power … on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect … domestic food prices. Our first result is that export tariffs are strategic complements and that for poor harvests equilibrium …