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Trade, externalities, and the impact of asymmetric information on trade policy

Gori, Giuseppe Francesco; Lambertini, Luca - 2014

case, in which information is asymmetric, i.e., the small country's Government cannot observe the positive enviromental … conclusions: the externality is minimised and welfare is maximised in equilibrium if information is symmetric while trade … liberalisation with asymmetric information always entails a second best outcome. …

Persistent link: https://www.econbiz.de/10011716033

Trade, Externalities, and the Impact of Asymmetric Information on Trade Policy

Gori, Giuseppe Francesco; Lambertini, Luca - 2014

case, in which information is asymmetric, i.e., the small country's Government cannot observe the positive environmental … conclusions: the externality is minimised and welfare is maximised in equilibrium if information is symmetric while trade … liberalisation with asymmetric information always entails a second best outcome …

Persistent link: https://www.econbiz.de/10014147796

Strategic inattention, delegation and endogenous market structure

Cellini, Roberto; Lambertini, Luca; Ottaviano, … - In: European economic review : EER 121 (2020), pp. 1-10

Persistent link: https://www.econbiz.de/10012264248

To know or not to know : strategic inattention and endogenous market structure

Cellini, Roberto; Lambertini, Luca; Ottaviano, … - 2015

We model an industry in which a discrete number of firms choose the output of their differentiated products deciding whether or not to consider the impact of their decisions on aggregate output. We show that two threshold numbers of firms exist such that: below the lower one there is a unique...

Persistent link: https://www.econbiz.de/10011715927