We extend the theory of advertising as a quality signal, using a model where an entrant can choose to advertise by comparing its product to that of an established incumbent. Comparative advertising, comparing quality of one’s own product to that of a rival’s, empowers the latter to file for...

In this paper, we explore how tariff and standard-like Non-Tari Measures (NTMs) introduced by the EU are related with market conditions in domestic EU markets. While Tariffs work as a pure tax on import, standard-like NTMs potentially affect costs of both domestic firms and foreign exporters....

This paper aims to identify the cost characteristics of exiting firms whenever firms are playing an infinite horizon supergame with time-invariant cost and demand functions. With more than two firms, the problem of which firms exit is quite similar to a coalition formation one. Solving this...

We explore how tariff and standard-like Non-Tariff Measures (NTMs) introduced by the EU affect industry characteristics in the domestic market. While tariffs work as a pure tax on import, standards like NTMs potentially affect costs of both domestic and foreign firms, although likely more the...