COMBES, Pierre-Philippe; CAILLAUD, Bernard; JULLIEN, Bruno - In: Annales d'Economie et de Statistique (1997) 47, pp. 65-99
We examine the effect of bilateral trade in a concentrated industry under Cournot competition, when firms are regulated by national agencies who care about national social welfare. We allow for differences in costs and market sizes and for asymmetric information between regulatory agencies and...