Strategic Trade Policy With Incompletly Informed Policymakers
Strategic Trade Policy With Incompletly Informed Policymakers
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In our eReader you can find the full English version of the book. Read Strategic Trade Policy With Incompletly Informed Policymakers Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Strategic Trade Policy With Incompletly Informed Policymakers
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This paper is a first step m addressmg these issues, taking msights from regulation theory as its starting pomt. Regulation theory has explored informationai asymmetries extensively in recent years. ' But so far there has been little spillover from the incomplete-information regulation literature into trade theory. * This is m part because trade policy differs from regulatory policy in several important ways.
One important difference between trade and regulation is m the government's objective.... While in regulation the exercise of market power almost always reduces welfare, in trade the exercise of market power by the domestic firm raises domestic welfare whenever it is at the expense of foreign consumers. In this paper, we highlight this difference by assuming the firms produce purely for export.
An important consideration in trade policy, unlike in regulation, is the potential for countervailing intervention on the part of a foreign government. This calls for analysis of games in contracts among government- firm pairs.
What to read after Strategic Trade Policy With Incompletly Informed Policymakers?
You can find similar books in the "Read Also" column, or choose other free books by S Lael Brainard to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
This paper is a first step m addressmg these issues, taking msights from regulation theory as its starting pomt. Regulation theory has explored informationai asymmetries extensively in recent years. ' But so far there has been little spillover from the incomplete-information regulation literature into trade theory. * This is m part because trade policy differs from regulatory policy in several important ways.
One important difference between trade and regulation is m the government's objective.... While in regulation the exercise of market power almost always reduces welfare, in trade the exercise of market power by the domestic firm raises domestic welfare whenever it is at the expense of foreign consumers. In this paper, we highlight this difference by assuming the firms produce purely for export.
An important consideration in trade policy, unlike in regulation, is the potential for countervailing intervention on the part of a foreign government. This calls for analysis of games in contracts among government- firm pairs.
What to read after Strategic Trade Policy With Incompletly Informed Policymakers?
You can find similar books in the "Read Also" column, or choose other free books by S Lael Brainard to read onlineMoreLess
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