determines how changes in trade frictions affect allocative efficiency in an oligopoly model of international trade, decomposing …

-industry trade. Our analysis also reveals that, when trade costs and discount factors are not too high, efficient cartel agreements … consequence, for a certain range of discount factors, welfare is higher when there are no trade costs than when trade costs are so … neighborhood of unimpeded (i.e., free) trade. In contrast, reductions in trade costs are welfare-improving when they are high …

difference between any two tariff rates exactly equals 100% of the difference between the foreign firms' marginal costs, the home …

-reduction process subject to spillovers in a differentiated oligopoly. Our results suggest that the long-run outcome is dependent on the …

Recovery of stranded costs is perhaps the most litigious issue encountering regulators in promoting competition in … particular regulatory mechanism regularly employed in United States and also in Spain for settling stranded costs payments, the … competition and stranded costs recovery are not necessarily incompatible. Mechanism design is the key element in welfare analysis …

determines how changes in trade frictions affect allocative efficiency in an oligopoly model of international trade, decomposing …