Showing 1 - 10 of 12
The paper models international rivalry between a domestic firm that is going through a learning-by-doing phase, and a mature foreign rival. It is shown that the optimal production subsidy for the domestic firm depends on the degree of strategic sophistication of the foreign firm. Optimal...
Persistent link: https://www.econbiz.de/10005695110
The authors examine the role of strategic interactions among a small number of financial intermediaries who know that the current financial regime is subject to change. The current financial regime offers protection to the intermediaries against bad outcomes. Each financial intermediary's...
Persistent link: https://www.econbiz.de/10005695133
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Persistent link: https://www.econbiz.de/10005321687
This paper analyzes the effects of tariff reductions on horizontal mergers in a Cournot oligopoly in a two-country world. It is shown that for mergers between two domestic firms and for cross-border mergers which supply both markets from a foreign plant, unilateral tariff reduction encourages...
Persistent link: https://www.econbiz.de/10005321711
The paper analyzes a model of strategic trade policies in the presence of international cross-ownership of firms that are heterogenous both in terms of costs and in terms of extent of foreign ownership. The equilibrium pattern of taxes and subsidies is characterized for any arbitrary...
Persistent link: https://www.econbiz.de/10005321725
This paper offers an explanation of the fact that some foreign firms are favored at the expense of others, and characterizes the distribution of favors in terms of the cost parameters of firms. We present a model where favors must be bought: they come from competing contributions. This model is...
Persistent link: https://www.econbiz.de/10005341479
We consider two dynamic games of foreign aid. <link rid="ss3">Model 1</link> deals with the case where donor countries continually feel the warm glow from the act of giving. <link rid="ss32">Model 2</link> postulates that donors will stop giving aid when a target level of development is reached. In <link rid="ss3">Model 1</link>, there are multiple equilibria that...
Persistent link: https://www.econbiz.de/10005000228
This paper examines how two geographically separated ports compete for a market consisting of manufacturing firms located between them. There is a service firm in each port, and these two firms, taking the infrastructure provided by their governments as given, compete in prices. The governments...
Persistent link: https://www.econbiz.de/10005000230
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