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Details for article 42 of 159 found articles
| Title: |
Endogenous Choice of Trade Instrument Under Uncertainty |
| Author: |
Jean-Philippe, Gervais Lapan, Harvey E. |
| Appeared in: |
International economic journal |
| Paging: | Volume 16 (2002) nr. 4 pages 75-96 |
| Year: |
2002 |
| Contents: |
This Paper endogenizes the choice between import tariffs and quotas of two policy active countries in a duopsonistic world market. Without uncertainty, import quotas are welfare superior to import tariffs in equilibrium. If two importers can precommit to a type of instrument before deciding the level of the instrument to use in a future period, an import quota equilibrium emerges. We introduce asymmetric risk in the import demand schedule of the two importers. There exists a range of parameters in which a mixed equilibrium emerges, i.e. one country uses a tariff while the other restricts trade with an import quota. The likelihood that both importers choose a different trade instrument in equilibrium is increasing with the correlation coefficient of the two random shocks. [F13] |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 42 of 159 found articles
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