Endogenous market structures in international trade / Ignatius J. Horstmann, James R. Markusen.
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Horstmann, Ignatius J. (författare)
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Markusen, James R., 1948- (författare)
- Publicerad: Cambridge, Mass. National Bureau of Economic Research, 1990
- Engelska 32 s.
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Serie: Working paper series / National Bureau of Economic Research, 99-0429337-6 ; 3283
Sammanfattning
Ämnesord
Stäng
- Almost all of the large literature on international trade with imperfect competition assumes exogenous market structures. The purpose of this paper is to develop a simple model that generates alternative market structures as Nash equilibria for different parameterizations of the basic model. Familiar configurations such as a duopoly competing in exports or a single multinational producing in both markets arise as special cases. Small tax-policy changes can produce large welfare effects as the equilibrium market structure shifts, implying discontinuous jumps in prices, quantities, and profits.
Ämnesord
- Industrial organization (Economic theory) -- Mathematical models (LCSH)
- Competition, Imperfect -- Mathematical models (LCSH)
- Commercial policy -- Mathematical models (LCSH)
Indexterm och SAB-rubrik
- Qadh Industri
Klassifikation
- 338 (DDC)
- Qadh (kssb/8)
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