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Optimal Policies with Strategic Distortions / Kala Krishna, Marie Thursby.
- Format:
- Book
- Author/Creator:
- Krishna, Kala.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w2527.
- NBER working paper series no. w2527
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1988.
- Summary:
- Recent work in optimal trade policy for imperfectly competitive markets usually identifies the optimal level of an instrument, and when more instruments are allowed, general interpretations have been unavailable, This paper analyzes the jointly optimal levels of a Variety of instruments with oligopolistic competition. A targeting principle for identifying optimal policies is derived using the concept of a "strategic distortion." It is shown how optimal policies vary with the distortions present and the number of firms, as well as assumptions about market segmentation and regulation. The principles of targeting are illustrated using agricultural marketing boards.
- Notes:
- Print version record
- March 1988.
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