Essays In Incomplete Information And Trade Policy
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Essays In Incomplete Information And Trade Policy
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Author : Haokai Ning
language : en
Publisher:
Release Date : 2020
Essays In Incomplete Information And Trade Policy written by Haokai Ning and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
Strategic trade policy has been one of the most intensively researched areas in theory of industrial organization and international trade over the last three decades. The fundamental motivation is that governments adopt trade polices to confer strategic advantage to their respective domestic firms when firms are imperfectly competing with each other. However, most of existing literature focuses on markets with certainty and complete information among firms. This dissertation introduces incomplete information at industrial level into uncertainty markets in various trade models, and it also integrates the concept of option value from financial economics into equilibrium analysis. In Chapter 1, incomplete information at industrial level is introduced into an importing country model in which the domestic market demand is uncertain, and the policy is chosen before the uncertainty is resolved. Unlike the classical findings on the issue of equivalence of tariffs and quotas under certainty and complete information, it is shown that a tariff is superior to a quota regardless of the degree of uncertainty. Moreover, a prohibitive quota that results in autarky is always preferred to a quota at the free-trade level as long as quota is concerned. Chapter 2 studies the design of trade policies in an uncertain third market with incomplete information. It is shown that the country with firm having information disadvantage tends to choose the direct quantity control, while the country with well-informed firm would use export subsidy (export quota) when the degree of uncertainty is sufficiently high (low). Finally, Chapter 3 extends the conventional literature on strategic trade policy in reciprocal dumping model to the context that involves market demand uncertainty and incomplete information. Incomplete information at industrial level redistributes the option value associated with better information to the country with well-informed firm. As a result, both governments tend to choose tariffs over export subsidies in the Nash equilibrium of the simultaneous strategic trade policy games under complete and incomplete information. This yields a second best outcome. Moreover, Nash equilibrium outcome is shown to be inferior to free-trade outcome.
Essays On Trade Policy And International Institutions Under Incomplete Information
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Author : Giovanni Maggi
language : en
Publisher:
Release Date : 1994
Essays On Trade Policy And International Institutions Under Incomplete Information written by Giovanni Maggi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Commercial policy categories.
Essays On Trade And The Environment
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Author : Taizo Takeno
language : en
Publisher:
Release Date : 2002
Essays On Trade And The Environment written by Taizo Takeno and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Environmental policy categories.
Trade Welfare And Economic Policies
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Author : Murray C. Kemp
language : en
Publisher: Ann Arbor : University of Michigan Press
Release Date : 1993
Trade Welfare And Economic Policies written by Murray C. Kemp and has been published by Ann Arbor : University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.
New contributions to the theory of international trade
Essays On Imperfect Competition Information Asymmetry And Strategic Trade Policy
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Author : Sanghack Lee
language : en
Publisher:
Release Date : 1989
Essays On Imperfect Competition Information Asymmetry And Strategic Trade Policy written by Sanghack Lee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with categories.
Handbook Of International Economics
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Author : G.M. Grossman
language : en
Publisher: Elsevier
Release Date : 1997-10-24
Handbook Of International Economics written by G.M. Grossman and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-10-24 with Business & Economics categories.
Handbook of International Economics
Readings In Public Choice And Constitutional Political Economy
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Author : Charles Rowley
language : en
Publisher: Springer Science & Business Media
Release Date : 2008-08-09
Readings In Public Choice And Constitutional Political Economy written by Charles Rowley and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-08-09 with Political Science categories.
Public choice is the study of behavior at the intersection of economics and political science. Since the pioneering work of Duncan Black in the 1940s, public choice has developed a rich literature, drawing from such related perspectives as history, philosophy, law, and sociology, to analyze political decision making (by citizen-voters, elected officials, bureaucratic administrators, lobbyists, and other "rational" actors) in social and economic context, with an emphasis on identifying differences between individual goals and collective outcomes. Constitutional political economy provides important insights into the relationship between effective constitutions and the behavior of ordinary political markets. In Readings in Public Choice and Constitutional Political Economy, Charles Rowley and Friedrich Schneider have assembled an international array of leading authors to present a comprehensive and accessible overview of the field and its applications. Covering a wide array of topics, including regulation and antitrust, taxation, trade liberalization, political corruption, interest group behavior, dictatorship, and environmental issues, and featuring biographies of the founding fathers of the field, this volume will be essential reading for scholars and students, policymakers, economists, sociologists, and non-specialist readers interested in the dynamics of political economy.
Handbook Of International Economics
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Author : Ronald Winthrop Jones
language : en
Publisher: Elsevier
Release Date : 1984
Handbook Of International Economics written by Ronald Winthrop Jones and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Business & Economics categories.
"This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods. The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with economic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior."--Publisher's information
Three Essays On The Theory Of Trade Protection
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Author : Xenia Matschke
language : en
Publisher:
Release Date : 2003
Three Essays On The Theory Of Trade Protection written by Xenia Matschke and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
Optimal Imperfection
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Author : George Downs
language : en
Publisher: Princeton University Press
Release Date : 2021-02-09
Optimal Imperfection written by George Downs and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-09 with Political Science categories.
"Domestic politics matters" has become a rallying cry for international relations scholars over the past decade, yet the question still remains: Just how does it matter? In this book, George Downs and David Rocke argue that an important part of the international impact of domestic politics springs from the institutional responses to its many uncertainties. This impact is due not so much to the errors in judgment these uncertainties can cause as to the strategic and institutional consequences of knowing that such errors are possible. The heart of the book is its formal analysis of how three kinds of domestic uncertainty have shaped international relations through their influence on three very different institutions. One chapter deals with the decision rules that citizens create to cope with uncertainty about the quality of their representation, and how these can lead to the paradoxical "gambling for resurrection" effect. Another chapter describes the extent to which the weak enforcement provisions of GATT can be understood as a mechanism to cope with uncertain but intermittent interest group demands for protection. The third chapter looks at the impact of uncertainty on the creation, survival, and membership of multilateral regulatory institutions, such as the Montreal Protocol and EU, when some states question the capacity of other states to meet their treaty obligations.