Narrow search
Showing 1 - 10 of 11,382
Cover Image
Crop Failures and Export Tariffs
Baake, Pio; Huck, Steffen - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013
We analyse a stylized model of the world grain market characterized by a small oligopoly of traders with market power … on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect … domestic food prices. Our first results is that export tariffs are strategic complements and that for poor harvests equilibrium …
Persistent link: https://www.econbiz.de/10010896190
Cover Image
Crop failures and export tariffs
Baake, Pio; Huck, Steffen - Abteilung "Ökonomik des Wandels", Wissenschaftszentrum … - 2013
We analyse a stylized model of the world grain market characterized by a small oligopoly of traders with market power … on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect … domestic food prices. Our first result is that export tariffs are strategic complements and that for poor harvests equilibrium …
Persistent link: https://www.econbiz.de/10010983239
Cover Image
Monopolistic Competition vs Oligopoly in the "Large Economy": How Much Is Difference?
Zhelobodko, E.; Sidorov, A.; Thisse, J.-F. - In: Journal of the New Economic Association 19 (2013) 3, pp. 10-26
The paper studies a market of horizontally differentiated good under increasing return to scale and exogenous number of firms. Three concepts of equilibria are compared: Cournot, Bertrand and monopolistic competition. Under fairly general assumptions on consumer's preferences, it is shown that...
Persistent link: https://www.econbiz.de/10010839455
Cover Image
Understanding Markups in the Open Economy
Blas, Beatriz de; Russ, Katheryn N. - In: American Economic Journal: Macroeconomics 7 (2015) 2, pp. 157-80
This paper presents a new model of Bertrand competition between heterogeneous firms in the open economy where the macroeconomic distribution of markups responds to the degree of trade openness and the underlying level of technology in each trading partner. The model's simple closed-form...
Persistent link: https://www.econbiz.de/10011240322
Cover Image
Monopolistic Competition in General Equilibrium: Beyond the CES
Zhelobodko, Evgeny; Kokovin, Sergey; Parenti, Mathieu; … - Research Institute for Economics and Business … - 2011
We propose a general model of monopolistic competition and derive a complete characterization of the market equilibrium using the concept of Relative Love for Variety. When the RLV increases with individual consumption, the market generates pro-competitive effects. When it decreases, the market...
Persistent link: https://www.econbiz.de/10008876406
Cover Image
Market access and competition in product lines
Chisholm, Darlene C.; Norman, George - In: International Journal of Industrial Organization 30 (2012) 5, pp. 429-435
We analyze competition in product lines by multi-product oligopolists that have preferential access to a local market but can supply a rival's market by incurring distance costs. We show that the width and degree of overlap in the product lines is greater in large markets and when the products...
Persistent link: https://www.econbiz.de/10010688296
Cover Image
Together at Last: Trade Costs, Demand Structure, and Welfare
Monika Mr?zov?; Neary, J. Peter - In: American Economic Review 104 (2014) 5, pp. 298-303
We show that relaxing the assumption of CES preferences in monopolistic competition has surprising implications when trade is restricted. Integrated and segmented markets behave differently, the latter typically exhibiting reciprocal dumping. Globalization and lower trade costs have different...
Persistent link: https://www.econbiz.de/10010773972
Cover Image
Strategic Trade Policy in General Oligopolistic Equilibrium
Colacicco, Rudy - FIW - 2013
In a two-country general oligopolistic equilibrium model, I study how cross-sector strategic trade policy affects wages, countrywide profits, and welfare. Firms face resource constraints and wages are simultaneously determined. Relative to free trade, cross-sector protectionism generates a...
Persistent link: https://www.econbiz.de/10010856776
Cover Image
Endogenous Growth and South-North Trade
Goo, Youngwan; Lee, Seonghoon - In: Journal of Economic Integration 17 (2002), pp. 554-569
In this article, we develop an endogenous growth model to analyze the impact of knowledge spillovers, the disparity in initial endowments and production technologies on economic growth of two trading regions. We found that the growth rates of technology development of the two regions become...
Persistent link: https://www.econbiz.de/10010840683
Cover Image
Technology licensing in mixed oligopoly
Chen, Yi-Wen; Yang, Ya-Po; Wang, Leonard F.S.; Wu, Shih-Jye - In: International Review of Economics & Finance 31 (2014) C, pp. 193-204
We develop a mixed oligopoly model with one public firm and two private firms to explore the licensing strategy …
Persistent link: https://www.econbiz.de/10010753275