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The Impact of Quotas and Tariffs on Strategic R&D Behavior
Oleh:
Reitzes, James D.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
INTERNATIONAL ECONOMIC REVIEW vol. 32 no. 4 (1991)
,
page 985-1008.
Topik:
BEHAVIOUR
;
quotas
;
tariff
;
R & D behaviour
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
II49.1
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Quotas and tariffs are compared in a two - stage Cournot duopoly game, where R & D is chosen initially and output is selected subsequently. Imposing a quota at or below the free - trade import level results in either a pure - strategy or a mixed - strategy equilibrium. Compared to an equally restrictive tariff, a quota leads to higher domestic profits, but lower domestic output and R & D (in a pure - strategy equilibrium). Furthermore, a quota and a tariff may often produce opposite effects on domestic R & D. A quota set above the free - trade import level may become binding, and may lead to multiple equilibria.
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