Managed Trade With Imperfect Information PDF Download
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Author | : Gal Hochman |
Publisher | : |
Total Pages | : 0 |
Release | : 2010 |
Genre | : |
ISBN | : |
Download Managed Trade with Imperfect Information Book in PDF, ePub and Kindle
This article illustrates the importance of imperfect information in self-enforcing trade agreements. It shows that expected welfare is higher with current period uncertainty, and"a high level"of uncertainty may"even"undermine the need for a safeguard clause. These results were derived by extending the seminal paper by Bagwell and Staiger (The American Economic Review"80 (1990), 779-95) to account for current period uncertainty.
Author | : Mohammad Amin |
Publisher | : |
Total Pages | : 0 |
Release | : 2004 |
Genre | : |
ISBN | : |
Download Imperfect Competition and the Theory of Managed Trade Book in PDF, ePub and Kindle
We analyze the role of imperfect competition in explaining the relationship between temporary surges in trade-volumes and the level of cooperation in trade policy that can be sustained between countries in a repeated game framework. Imperfectly competitive markets are characterized by a mark-up which is the wedge between equilibrium price and the marginal cost of production. Absent domestic policy tools, gains from protectionist policies are shown to depend positively on the size of the mark-up in the domestic import-competing sector, which is in addition to the conventional terms-of-trade related benefits. A temporary surge in trade-volume due to a supply-side shock lowers the industry mark-up making protectionist policies less desirable. This counters the increase in the terms-of-trade related benefits due to higher trade-volume. The net effect of these two competing forces determines whether periods of abnormally high trade-volumes feature more or less cooperation along the equilibrium path of the repeated game. We identify simple conditions distinguishing between these two outcomes thereby establishing the pattern of managed trade under imperfect competition. A sharp distinction is drawn between demand side and supply side shocks. We suggest a simple generalization of the results to other forms of distortions.
Author | : Winston Chang |
Publisher | : Springer Science & Business Media |
Total Pages | : 276 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 1461522498 |
Download Imperfect competition in international trade Book in PDF, ePub and Kindle
A theoretical analysis of international trade and industrial policy, developing and using new models of trade with imperfect competition. Modeling of imperfect competition within international trade has been difficult until recent breakthroughs in this area, which have provided a more realistic view of the world economy. The book builds on the advances provided by such tools as game theory and the theory of monopolistic competition. The first section covers broad and basic trade issues which arise under imperfect competition. Section two examines implications for trade policy covering issues such as strategic trade policy in static and dynamic settings. Section three deals with various structural issues, such as optimal choice of trade liberalizing policies, the formation of trade blocks, and open dualistic economy with externalities.
Author | : Elhanan Helpman |
Publisher | : |
Total Pages | : 271 |
Release | : 1985-01-01 |
Genre | : Commerce |
ISBN | : 9780745001098 |
Download Market Structure and Foreign Trade Book in PDF, ePub and Kindle
Author | : Louis Phlips |
Publisher | : Cambridge University Press |
Total Pages | : 302 |
Release | : 1988 |
Genre | : Business & Economics |
ISBN | : 9780521313810 |
Download The Economics of Imperfect Information Book in PDF, ePub and Kindle
This book provides a systematic presentation of new microeconomic theories of imperfect information.
Author | : Harold Crookell |
Publisher | : Scarborough, Ont. : Prentice-Hall Canada |
Total Pages | : 452 |
Release | : 1990 |
Genre | : Industrial management |
ISBN | : |
Download Managing Business Relationships with Government Book in PDF, ePub and Kindle
Author | : Mordechai Elihau Kreinin |
Publisher | : Taylor & Francis US |
Total Pages | : 292 |
Release | : 1993 |
Genre | : Business & Economics |
ISBN | : 9780844817330 |
Download International Commercial Policy Book in PDF, ePub and Kindle
A selection from the papers presented at the International Trade and Finance Association Conference, held in Marseilles in 1991. The book is grouped into four themes: general commercial policy, regional integration, direct foreign investment and the
Author | : Pol Antràs |
Publisher | : Princeton University Press |
Total Pages | : 336 |
Release | : 2020-10-13 |
Genre | : Business & Economics |
ISBN | : 0691209030 |
Download Global Production Book in PDF, ePub and Kindle
Global Production is the first book to provide a fully comprehensive overview of the complicated issues facing multinational companies and their global sourcing strategies. Few international trade transactions today are based on the exchange of finished goods; rather, the majority of transactions are dominated by sales of individual components and intermediary services. Many firms organize global production around offshoring parts, components, and services to producers in distant countries, and contracts are drawn up specific to the parties and distinct legal systems involved. Pol Antràs examines the contractual frictions that arise in the international system of production and how these frictions influence the world economy. Antràs discusses the inevitable complications that develop in contract negotiation and execution. He provides a unified framework that sheds light on the factors helping global firms determine production locations and other organizational choices. Antràs also implements a series of systematic empirical tests, based on recent data from the U.S. Customs and Census Offices, which demonstrate the relevance of contractual factors in global production decisions. Using an integrated approach, Global Production is an excellent resource for researchers, graduate students, and advanced undergraduates interested in the inner workings of international economics and trade.
Author | : Thomas Andersson |
Publisher | : Routledge |
Total Pages | : 200 |
Release | : 2013-10-18 |
Genre | : Business & Economics |
ISBN | : 1136145648 |
Download Managing Trade Relations in the New World Economy Book in PDF, ePub and Kindle
Managing Trade Relations in the New World Economy analyses the implications of the new world economy for global trade. Thomas Andersson explores how manufactured exports have increased exponentially while the western economies have accrued massive current account deficits. Warning against the dangers of protectionism, he argues that the future of the world trading system, may depend upon the external policies of the EC.
Author | : Mr.Yan Carriere-Swallow |
Publisher | : International Monetary Fund |
Total Pages | : 50 |
Release | : 2019-09-23 |
Genre | : Computers |
ISBN | : 1513514814 |
Download The Economics and Implications of Data Book in PDF, ePub and Kindle
This SPR Departmental Paper will provide policymakers with a framework for studying changes to national data policy frameworks.