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We present a new model of dynamic Bertrand competition, where a quota is treated as an intertemporal constraint rather than as a capacity constraint as is common in the literature. The firm under a quota then can still vary the rates of exports over time provided that its total sales within the...
Persistent link: https://www.econbiz.de/10010332310
The pro-competitive effects of international trade in the presence of monopoly, and the deleterious effects of protection, are topics commonly taught in both international trade and industrial organization classes. We present a numerical simulation model for classroom use, built in Excel, that...
Persistent link: https://www.econbiz.de/10014613575
This paper presents a general framework for comparing the effects of tariffs,quotas and VERS (voluntary export … most cases the effects of exogenous shocks in the presence of quotas are intermediate between those in the presence … first published. The full-text of this article is not available in ORA at this time. Citation: Neary, J. P. (1988). 'Tariffs …
Persistent link: https://www.econbiz.de/10009441438
to influence world prices and in which trade is restricted by both tariffs and quotas. I derive general expressions for … liberalisation and shadow prices in the presence of tariffs and quotas', International Economic Review, 36(3), 531-554. …
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In this paper we study the optimal import policy in an oligopolistic market with a given number of quantity-setting firms. In the absence of fixed costs, we show that if the policy instrument is an import quota, the optimal policy is either free trade or autarky, while if the instrument is a...
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