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Preferential trade liberalization with endogenous cartel discipline : implications for welfare and optimal trade policies
Agnosteva, Delina; Syropoulos, Constantinos; Yotov, Yoto - 2020
We consider an international cartel whose members interact repeatedly in their own as well as in third-country segmented markets. Cartel discipline-an inverse measure of the degree of competition between firms-is endogenously determined by the cartel’s incentive compatibility constraint (ICC),...
Persistent link: https://www.econbiz.de/10012287796
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Voluntary export restraints in a trade model with sticky price : linear and nonlinear feedback solutions
Lambertini, Luca; Palestini, Arsen - 2017
We revisit the adoption of voluntary export restraints (VERS) in the differential Cournot game with sticky price and intraindustry trade by Dockner and Haug (1991). The analysis relies on linear and nonlinear feedback strategies, to encompass the special cases considered in Fujiwara (2010) and...
Persistent link: https://www.econbiz.de/10011819288
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Voluntary Export Restraints in a Trade Model with Sticky Price : Linear and Nonlinear Feedback Solutions
Lambertini, Luca - 2017
We revisit the adoption of voluntary export restraints (VERS) in the differential Cournot game with sticky price and intraindustry trade by Dockner and Haug (1991). The analysis relies on linear and nonlinear feedback strategies, to encompass the special cases considered in Fujiwara (2010) and...
Persistent link: https://www.econbiz.de/10012945281
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Markups in a two‑country monopolistic competition model of trade with heterogeneous consumers
Ošarin, Aleksandr; Verbus, Valerij; Bakunina, Irina; … - In: Journal of economic structures : JES; the official … 9 (2020) 13, pp. 1-12
The paper develops a two-country monopolistic competition model of trade featuring country-specific consumer tastes. The accounting for heterogeneity in tastes is achieved by assuming different elasticities of substitution in the CES utility function for different country consumers. The proposed...
Persistent link: https://www.econbiz.de/10012256121
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Merger policy in a quantitative model of international trade
Breinlich, Holger; Nocke, Volker; Schutz, Nicolas - 2016
In a two-country international trade model with oligopolistic competition, we study the conditions on market structure and trade costs under which a merger policy designed to benefit domestic consumers is too tough or too lenient from the viewpoint of the foreign country. Calibrating the model...
Persistent link: https://www.econbiz.de/10011481156
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Merger policy in a quantitative model of international trade
Breinlich, Holger; Nocke, Volker; Schutz, Nicolas - 2015
In a two-country international trade model with oligopolistic competition, we study the conditions on market structure and trade costs under which a merger policy designed to benefit domestic consumers is too tough or too lenient from the viewpoint of the foreign country. Calibrating the model...
Persistent link: https://www.econbiz.de/10011345771
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Demand for renewable resources
Stöven, Max Thilo - 2014
Persistent link: https://www.econbiz.de/10010360803
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Congestible Communications Networks and International Trade
Kikuchi, Toru; Ichikawa, Tetsuro - 2004
We build a two-country model of monopolistic competition with communications networks. A communications network is characterized by (1) the existence of large fixed costs of network provision, and (2) the presence of congestion. It is demonstrated that both the size of a country and the relative...
Persistent link: https://www.econbiz.de/10014115746
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Cross-border mergers and national champions in an integrating economy
Südekum, Jens (contributor) - 2006
and the social desirability of national vs. international mergers in relation to three different issues, (i) the level of … trade freeness, (ii) the possibility of rent appropriation on world markets, and (iii) direct "synergy" effects of mergers …. Cross-border M&A is privately and socially more attractive than domestic mergers. National competition policy may be too …
Persistent link: https://www.econbiz.de/10003355552
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Cross-border mergers and acquisitions : on revealed comparative advantage and merger waves
Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - 2008 - This version: January 2008
By combining two large data sets (on international trade flows and cross-border mergers and acquisitions - M&As), we …
Persistent link: https://www.econbiz.de/10011374427