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We examine the incentives for a government to levy an optimal tariff on a foreign monopolist with unknown costs. With complete information, the home government uses tariffs to extract rents and implements a discriminatory policy that imposes higher tariffs on the more efficient monopolist. If...
Persistent link: https://www.econbiz.de/10014072002
We explore how outcomes of trade policy retaliation (Nash tariff games) are affected when trade simultaneously takes places geographically across countries and through time via financial intermediation. In such models deficits and surpluses in goods trade are endogenously determined, and...
Persistent link: https://www.econbiz.de/10003806727
This paper studies the role of transfers among groups within a country as well as among countries in a two level game of international trade negotiations. We show that in order to realize the intended transfer in the presence of asymmetric information on the states of recipients (and donors), a...
Persistent link: https://www.econbiz.de/10003103117
This paper characterizes analytically the optimal tariff of a large one-sector economy with monopolistic competition and firm heterogeneity in general equilibrium, thereby extending the small-country results of Demidova and Rodriguez-Clare (JIE, 2009) and the homogeneous firms framework of Gros...
Persistent link: https://www.econbiz.de/10009130204
much of the cumulative innovation literature. When the research abilities of the firms differ, either the high ability firm … asymmetric case, as they can change the order of entry. -- Innovation ; minimum quality standards ; novelty requirements …
Persistent link: https://www.econbiz.de/10003854613
investment incentives of the initial innovator, contrary to much of the cumulative innovation literature. Indeed, as the effect … preferable to more broad-based policies. -- Innovation ; minimum quality standards ; novelty requirements ; stopping game …
Persistent link: https://www.econbiz.de/10003958288
Persistent link: https://www.econbiz.de/10012117916
This paper introduces a number of game-theoretic tools to model collusive agreements among firms in vertically differentiated markets. I firstly review some classical literature on collusion between two firms producing goods of exogenous different qualities. I then extend the analysis to a...
Persistent link: https://www.econbiz.de/10011660599
We explore how outcomes of trade policy retaliation (Nash tariff games) are affected when trade simultaneously takes places geographically across countries and through time via financial intermediation. In such models deficits and surpluses in goods trade are endogenously determined, and...
Persistent link: https://www.econbiz.de/10012753251
The effect of changes in industry structure on the ability to maintain a cooperative level of tariff lobbying are analyzed in a repeated game setting in which a simple trigger strategy is the enforcement mechanism. The difficulty of maintaining cooperation is identified with the minimum discount...
Persistent link: https://www.econbiz.de/10014152782