Abstract Currently Unavailable.

Abstract Currently Unavailable.

Abstract Currently Unavailable.

Not Available.

The welfare dominance of ad valorem taxes over unit taxes in a single-market Cournot oligopoly is well-known. This article extends the analysis to multi-market oligopoly. Provided all ad valorem taxes are positive, unit costs are constant, firms are active in all considered markets, and a...

Chapter 4. Abstract Currently Unavailable.

This paper considers a competition between two multinationals (U, J) who compete in a third market (K). The multinationals have identical cost structures, but differ in that J comes from a country that is “taste-similar†to K, and hence produces products that match more closely...

We use a standard general equilibrium trade model to show that export and import policies are not symmetric in the equilibrium of a strategic game with quotas. We assume N (identical) large countries non-cooperatively set their import (or export) quotas to maximize domestic welfare. We show that...

This paper analyzes the optimal production and hedging decisions for firms facing futures price, basis and production risk, assuming futures and options can be used. Using CARA (constant absolute risk aversion) utility and normal distributions, we derive an exact solution and show that joint...