| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15112 |
| DP15112 When the Threat is Stronger than the Execution: Trade and Welfare under Oligopoly | |
| Dermot Leahy; Peter Neary | |
| 发表日期 | 2020-07-30 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We compare trade liberalization under Cournot and Bertrand competition in reciprocal markets. In both cases, the critical level of trade costs below which the possibility of trade affects the domestic firm's behavior is the same; trade liberalization increases trade volume monotonically; and welfare is U-shaped under reasonable conditions. However, welfare is typically greater under Bertrand competition; for higher trade costs the volume of trade is greater under Cournot competition, implying a "van-der-Rohe Region" in parameter space; and, for even higher trade costs, there exists a "Nimzowitsch Region", where welfare is higher under Bertrand competition even though no trade takes place. |
| 主题 | Industrial Organization ; International Trade and Regional Economics |
| 关键词 | Cournot and bertrand competition Cross-hauling Nimzowitsch region Oligopoly and trade Trade liberalization |
| URL | https://cepr.org/publications/dp15112 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544071 |
| 推荐引用方式 GB/T 7714 | Dermot Leahy,Peter Neary. DP15112 When the Threat is Stronger than the Execution: Trade and Welfare under Oligopoly. 2020. |
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