When the threat is stronger than the execution: trade and welfare under oligopoly.
We compare the effects of changes in trade costs on trade volumes and on the gains from trade under Cournot and Bertrand competition. In both cases, the threshold trade costs below which the possibility of trade affects the domestic firm's behavior is the same; and welfare is U‐shaped under reasonab...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 52; no. 3; pp. 471 - 496 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Sep2021
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |