ENDOGENOUS MARKET STRUCTURES AND STRATEGIC TRADE POLICY

• 成果类型: Article
• 署名作者: Etro, Federico
• 署名单位: Universita Ca Foscari Venezia
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/j.1468-2354.2010.00619.x
• 发表日期: 2011
• 页码: 63-84
• 关键词: imperfect competition; DYNAMICS

摘要

I characterize the optimal export promoting policy for international markets whose structure is endogenous. Contrary to the ambiguous results of strategic trade policy for duopolies, it is always optimal to subsidize exports when entry is endogenous, under both quantity and price competition. With homogenous goods the optimal export subsidy is a fraction 1/epsilon of the price, where epsilon is the elasticity of demand (the exact opposite of the optimal export tax in the neoclassical trade theory). Analogously, I show the general optimality of R&D subsidies and of competitive devaluations to promote exports in foreign markets where entry is endogenous.