Hokari, Hisashi; Hwang, Hong; Ohta, Hiroshi - In: The Journal of International Trade & Economic Development 12 (2003) 3, pp. 247-256
Along the lines of the strategic trade policy inquiry under vertical structures we show that two rival governments may select different rates of export subsidies and import tariffs respectively upon their own industries even if their marginal costs are identical. Moreover, regardless of any...