Showing 1 - 10 of 183
This paper analyses oligopolies using the Cournot/Stackelberg framework, but allowing some firms to be pursueing aims other than profit maximisation. The existence of even a single output maximising firm can have dramatic effects on outputs, prices and welfare, even if such a firms faces...
Persistent link: https://www.econbiz.de/10005134543
The operating areas of each terrestrial broadcasting station in Japan are geographically divided by a licensing system and form oligopolies in each of their respective markets. These institutional constraints define the market structure, and as a result, affect the business performance of the...
Persistent link: https://www.econbiz.de/10005412909
This paper analyzes the incentives for governments to impose export subsidies when firms invest in a cost saving … technology before market competition. Governments first impose an export subsidy or a tax. After observing export policy, firms …. Under Bertrand competition, export subsidies are positive whenever R&D is sufficiently cost-effective at reducing marginal …
Persistent link: https://www.econbiz.de/10005062617
Although the GATT prohibits discriminatory import tariffs, it includes means for circumventing this prohibition. The … previous literature uses static models and discriminatory tariffs increase welfare. In a dynamic model, if governments lack the … ability to precommit, this is not necessarily true. For example, with consumer switching costs, tariffs are higher for firms …
Persistent link: https://www.econbiz.de/10005062636
committed to trade policy during two periods. We compare the case in which both governments choose their export subsidies in the …, under Cournot competition, welfare is higher when both governments synchronize their choice of export-promoting policy …, since export subsidies are lower (closer to the cooperative solution) than when governments set them sequentially …
Persistent link: https://www.econbiz.de/10005556420
We study the effect of market structure upon international trade policy when firms invest in process R&D before competing in a differentiated goods market. For a domestic monopoly, and increasing the number of foreign firms, the government either chooses a R&D (and output) subsidy, or remains...
Persistent link: https://www.econbiz.de/10005556503
This paper examines Foreign Direct Investment in the presence of labour unions. An oligopoly model is developed in … which identical firms locate in a host country in order to export to a foreign country. These firms are unionised and …
Persistent link: https://www.econbiz.de/10005119228
Parallel imports are a significant academic and policy issue. Official investigations into the impact of parallel imports on music CD prices have reached widely conflicting conclusions. This note reports an event study on an international panel of changes in copyright law to permit or disallow...
Persistent link: https://www.econbiz.de/10005119281
The United Kingdom began deregulating its electric market years before the U.S. Thus, the UK provides the best example of what can be expected in the deregulated residential retail electric market in the United States. . An extensive review of the evidence found: Questionable price savings:...
Persistent link: https://www.econbiz.de/10005076594
This paper examines how the option for licensing affects research and development (R&D) and social welfare. We find that if cost reduction from R&D is sufficiently small and there is an option of licensing, firms will do non-cooperative R&D. In absence of licensing, firms will do cooperative R&D...
Persistent link: https://www.econbiz.de/10005076856