Trading Blocs and Welfare : How Trading Bloc Members Are Affected by New Entrants /
This paper uses the three-country duopoly model to examine the effects of lowered trade barriers when a new entrant joins a trading bloc. There are two firms-a small-country firm and a large-country firm within the bloc-and three markets-two within and one (new entrant's) outside the bloc. The...
| Hoofdauteur: | |
|---|---|
| Andere auteurs: | |
| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
1998.
|
| Reeks: | IMF Working Papers; Working Paper ;
No. 1998/084 |
| Online toegang: | Full text available on IMF |
| Samenvatting: | This paper uses the three-country duopoly model to examine the effects of lowered trade barriers when a new entrant joins a trading bloc. There are two firms-a small-country firm and a large-country firm within the bloc-and three markets-two within and one (new entrant's) outside the bloc. The analysis generally shows greater gains for the small-country than for the large-country firm. The small-country firm will export more to the external country than the large-country firm. But if tariffs decline, the export share of the large-country firm will increase relative to the small-country firm's, though profits will improve more for the latter. |
|---|---|
| Beschrijving item: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Fysieke beschrijving: | 1 online resource (25 pages) |
| Formaat: | Mode of access: Internet |
| ISSN: | 1018-5941 |
| Toegang: | Electronic access restricted to authorized BRAC University faculty, staff and students |