An elementary proposition concerning parallel imports

• 成果类型: Article
• 署名作者: Richardson, M
• 署名单位: University of Otago
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/S0022-1996(01)00110-6
• 发表日期: 2002
• 页码: 233-245
• 关键词: grey markets; Parallel imports

摘要

This paper demonstrates that, when countries individually choose whether or not to prohibit parallel imports, a global Nash equilibrium involves the permitting of parallel importing into all relevant foreign markets i.e. global uniform pricing. This result is sensitive in a straightforward way to the tariff-setting powers of countries and to the specification of a government's objective function (i.e. political economy considerations). We also show that when countries can prevent 'parallel exports' then any Nash equilibrium involves global price discrimination. (C) 2002 Elsevier Science B.V. All rights reserved.