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題名 Further Thoughts on Strategic Trade Policy under Asymmetric Information
作者 Fu, Chung Yuan ;Ho, Shirley J.
貢獻者 經濟系
關鍵詞 Strategic Trade Policy; Voluntary Export Restraints; Partial Information Revelation
日期 2013.11
上傳時間 26-Mar-2014 16:32:14 (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 Modern Economy,4(11), 696-705
資料類型 article
DOI http://dx.doi.org/10.4236/me.2013.411075
dc.contributor 經濟系en_US
dc.creator (作者) Fu, Chung Yuan ;Ho, Shirley J.en_US
dc.date (日期) 2013.11en_US
dc.date.accessioned 26-Mar-2014 16:32:14 (UTC+8)-
dc.date.available 26-Mar-2014 16:32:14 (UTC+8)-
dc.date.issued (上傳時間) 26-Mar-2014 16:32:14 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/64907-
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) Modern 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) Further Thoughts on Strategic Trade Policy under Asymmetric Informationen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.4236/me.2013.411075en_US
dc.doi.uri (DOI) http://dx.doi.org/10.4236/me.2013.411075en_US