Dynamic pricing in the presence of antidumping policy: Theory and evidence

• 成果类型: Article
• 署名作者: Blonigen, BA; Park, JH
• 署名单位: University of Oregon; Wayne State University
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/000282804322970742
• 发表日期: 2004
• 页码: 134-154
• 关键词: INTERNATIONAL-TRADE-COMMISSION; US CHEMICAL-INDUSTRY; UNITED-STATES; PROTECTION; POLITICS; LAWS

摘要

Antidumping (AD) trade protection policies allow government agencies to recalculate AD duties based on foreign firms' most recent pricing behavior. We examine the resulting dynamic pricing problem of a foreign firm facing such policy. We show that the expected pattern of AD duty recalculations over time crucially depends on the foreign firm's ex ante expectations of possible outcomes of AD policy enforcement. Our empirical analysis then confirms the role of ex ante expectations in explaining observed patterns of AD recalculations. Many of our model's results are applicable to other situations where enforcement of policy is tied to the subject's behavior.