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題名 The Development of a Cross-Strait Economic Cooperation Framework Agreement: Strategy, Review and Outlook
作者 Tung, Chen-Yuan ; Yeh, Jason
童振源
貢獻者 國發所
關鍵詞 Strategic Trade Policy; Voluntary Export Restraints; Partial Information Revelation
日期 2013.12
上傳時間 24-Mar-2014 17:47:27 (UTC+8)
摘要 We study the informational impacts of multilateral voluntary export restraints (henceforth VERs) in an international trade model with differentiated products [1]. We first show that with competing mechanisms, the two firms’ lying intentions are strategic complements and will increase with the degree of product differentiation. Next, we show that each government will design their VERs menus to allow for only partial revelation. Contrary to the single intervention case [2], a separating equilibrium where each country’s domestic firm truthfully reveals its private information does not exist under multilateral policy interventions. Finally, we demonstrate that trade retaliation, when the two governments’ VERs are positively related, will happen when the government believes that its domestic firm is more likely to be inefficient.
關聯 The Chinese Economy,4(11), 696-705
資料類型 article
dc.contributor 國發所en_US
dc.creator (作者) Tung, Chen-Yuan ; Yeh, Jasonen_US
dc.creator (作者) 童振源zh_TW
dc.date (日期) 2013.12en_US
dc.date.accessioned 24-Mar-2014 17:47:27 (UTC+8)-
dc.date.available 24-Mar-2014 17:47:27 (UTC+8)-
dc.date.issued (上傳時間) 24-Mar-2014 17:47:27 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/64891-
dc.description.abstract (摘要) We study the informational impacts of multilateral voluntary export restraints (henceforth VERs) in an international trade model with differentiated products [1]. We first show that with competing mechanisms, the two firms’ lying intentions are strategic complements and will increase with the degree of product differentiation. Next, we show that each government will design their VERs menus to allow for only partial revelation. Contrary to the single intervention case [2], a separating equilibrium where each country’s domestic firm truthfully reveals its private information does not exist under multilateral policy interventions. Finally, we demonstrate that trade retaliation, when the two governments’ VERs are positively related, will happen when the government believes that its domestic firm is more likely to be inefficient.en_US
dc.format.extent 423516 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) The Chinese Economy,4(11), 696-705en_US
dc.subject (關鍵詞) Strategic Trade Policy; Voluntary Export Restraints; Partial Information Revelationen_US
dc.title (題名) The Development of a Cross-Strait Economic Cooperation Framework Agreement: Strategy, Review and Outlooken_US
dc.type (資料類型) articleen