Showing 1 - 8 of 8
A two-agent model of international trade with oligopoly and increasing returns is proposed to address why there have been persistent anti-trade-liberalization movements. It is shown that all of a country's residents lose from trade under certain conditions on the cross-country cost structure.
Persistent link: https://www.econbiz.de/10010836216
This paper reports an intriguing property of a nonlinear feedback Nash strategy equilibrium in a dynamic game with no state variable in the payoff of each player. While the open-loop Nash and linear feedback Nash equilibria coincide with the static Cournot-Nash equilibrium in such a framework,...
Persistent link: https://www.econbiz.de/10005094697
A two-agent model of international trade with oligopoly and increasing returns is proposed to address why there have been persistent anti-trade-liberalization movements. It is shown that all of a country's residents lose from trade under certain conditions on the cross-country cost structure.
Persistent link: https://www.econbiz.de/10005182004
We develop the following Stackelberg game model of dynamic duopoly with sticky prices the leader chooses its time profile of outputs to maximize the discounted sum of proftis, while the follower chooses the optimal output to maximize the instantaneous profit as a myopic profit maximizer at each...
Persistent link: https://www.econbiz.de/10005182019
Developing a two-country model of international mixed oligopoly, this note makes clear the determinant of trade patterns. We give a simple formula to predict bilateral patterns of trade which relates the degree of a country's privatization and the trading country''s competitiveness. If a...
Persistent link: https://www.econbiz.de/10005416870
Developing a two-country model of international mixed oligopoly, this note makes clear the determinant of trade patterns. We give a simple formula to predict bilateral patterns of trade which relates the degree of a country's privatization and the trading country''s competitiveness. If a...
Persistent link: https://www.econbiz.de/10010629315
We develop the following Stackelberg game model of dynamic duopoly with sticky prices the leader chooses its time profile of outputs to maximize the discounted sum of proftis, while the follower chooses the optimal output to maximize the instantaneous profit as a myopic profit maximizer at each...
Persistent link: https://www.econbiz.de/10010629718
This paper reports an intriguing property of a nonlinear feedback Nash strategy equilibrium in a dynamic game with no state variable in the payoff of each player. While the open-loop Nash and linear feedback Nash equilibria coincide with the static Cournot-Nash equilibrium in such a framework,...
Persistent link: https://www.econbiz.de/10010630158