When faced with uncertain capacity constraints, Cournot oligopolists face two problems: should they share information once it becomes known to them and can quantity collusion be sustained. This paper shows that agreeing to reveal information does not always increase expected profits as it does...

Explaining the antiexport bias of trade policy requires a model in which there is some asymmetry between protection of the import competing and export sectors. One asymmetry is that export subsidies require government expenditure, while import tariffs raise revenue for the government. A model is...