Proposes a model which shows that Stackelberg competition is not necessarily welfare‐ enhancing compared with Cournot … than Cournot. Derives conditions under which in this framework Stackelberg competition leads to lower expected welfare, in … competition. Shows that, although in a simple duopoly model prices in a Stackelberg equilibrium are lower than in a Cournot …

A recurrent concern of researchers who measure the cost of protection is that welfare estimates based on models with …

This article analyses the welfare implications of the customs unions in the presence of multinational corporations for … welfare and employment of the small open economy if the multinational sector is relatively capital-intensive. However, the … welfare and the employment effects of trade diversion I are ambiguous whereas trade diversion II affects employment level …

A recurrent concern of researchers who measure the cost of protection is that welfare estimates based on models with …

This article analyses the welfare implications of the customs unions in the presence of multinational corporations for … welfare and employment of the small open economy if the multinational sector is relatively capital‐intensive. However, the … welfare and the employment effects of trade diversion I are ambiguous whereas trade diversion II affects employment level …

welfare. To justify this claim in the context of a Ricardian open‐economy model requires quite strong restrictions on worker …

poverty among the aged population are reviewed. Secondly, analytical models of the severity of poverty are presented and these … models are used to describe techniques that may be employed in attempting to alleviate poverty in one category of the aged … poor where it seems most acute and most intractable, i.e. aged women living alone. Three poverty models are presented: (1 …

optimally operates a base-stock inventory policy. The subsequent two models consider a duopoly where the potential market for a … comparative statics in all models. [ABSTRACT FROM AUTHOR] …