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The Timing of Trade Policy Implementation in a Third Market Model
The Timing of Trade Policy Implementation in a Third Market Model
Hamada, Kojun
158510
strategic trade policy
import tariff
export subsidy
simultaneous and sequential move game
third market model
This paper examines how the difference in the timing of trade policy implementation affects the welfare of the exporting and importing countries, and world welfare, using a third market model. The paper shows that when the importing government (resp. the exporting governments) first move(s), the welfare of the importing country and the world is the highest (resp. lowest). Further, we compare the equilibrium results under free trade, the unilateral interventions, and bilateral interventions. When the exporting governments implement the subsidy policy strategically, the import tariff policy implemented importing government in advance of setting the subsidy can be justified from the viewpoint of the third country’s welfare and also world welfare.
departmental bulletin paper
新潟大学経済学会
2012-03
application/pdf
新潟大学経済論集
92
1
23
新潟大学経済論集
AN00183269
02861569
https://niigata-u.repo.nii.ac.jp/record/27187/files/92_1-23.pdf
eng