This paper examines the optimality of export subsidies in oligopolistic markets, when home and foreign fires have different costs and there is an opportunity cost to public funds. Subsidies are found to be optimal only for surprisingly lou values of the shadow price of government funds and, if...

This paper examines the optimality of export subsidies in oligopolistic markets, when home and foreign fires have different costs and there is an opportunity cost to public funds. Subsidies are found to be optimal only for surprisingly lou values of the shadow price of government funds and, if...

This paper examines the optimality of export subsidies in oligopolistic markets, when home and foreign firms have different costs and there is an opportunity cost to public funds. Subsidies are found to be optimal only for surprisingly low values of the shadow price of government funds, and if...

I consider the optimality of export subsidies in oligopolistic markets, when home and foreign firms have different costs and the social cost of public funds exceeds unity. Subsidies are optimal only for surprisingly low values of the social cost of public funds and, if subsidies are justified,...