1 option
Endogenous Market Structures in International Trade / Ignatius J. Horstmann, James R. Markusen.
- Format:
- Book
- Author/Creator:
- Horstmann, Ignatius J.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w3283.
- NBER working paper series no. w3283
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1990.
- Summary:
- Almost all of the large literature on international trade with imperfect competition assumes exogenous market structures. The purpose of this paper is to develop a simple model that generates alternative market structures as Nash equilibria for different parameterizations of the basic model. Familiar configurations such as a duopoly competing in exports or a single multinational producing in both markets arise as special cases. Small tax-policy changes can produce large welfare effects as the equilibrium market structure shifts, implying discontinuous jumps in prices, quantities, and profits.
- Notes:
- Print version record
- March 1990.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.