international Cournot oligopoly, we analyse incentives for using tax instruments strategically to shift rents vertically, between …

This paper studies the design of trade policies in an uncertain third market with incomplete information. Governments …

. Owing to this linkage, trade cost reductions induce cartel members to adjust their sales, not only due to direct effects …, but also due to spillover effects related to cartel discipline. We apply these ideas to preferential trade agreements … (PTAs) and show that the indirect effects can give rise to trade diversion. We also characterize the welfare effects of …

equilibrium trade model. Tariffs have an anti-competitive effect that reduces labor demand because firms want to shorten supply …. If supporting workers is the policy objective, tariffs do not appear to be a suitable tool under oligopoly and need to be …

We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs … strategically linked via the incentive compatibility constraint. Importantly, trade costs affect cartel shipments and welfare not … only directly but also indirectly through discipline. Using extensive data on international cartels, we find that trade …

trade under oligopoly. A hard Brexit where the UK trades according to WTO rules is shown to decrease total UK welfare, to … trade for the UK is shown to decrease total UK welfare, to increase total EU27 welfare, and to increase total welfare in the … rest of the world. A free trade agreement with the rest of the world rather than the EU27 will be beneficial, ceteris …

free trade or autarky, while if the instrument is a tariff the optimal policy is neither free trade nor autarky. In the …

This paper examines the strategic role of advertising subsidies in a third-country trade model in which two firms …