SHERP

Optimal Trade Policy in an International Mixed Oligopoly

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Authors
Serizawa, Nobuko
Issue Date
2000
Publisher
Seoul Journal of Economics
Citation
Seoul Journal of Economics 13 (No. 2 2000): 107-122
Keywords
international mixed oligopoly; trade policy; Privatization
Abstract
This paper investigates the effects of trade policies on the home country where homogeneous goods are supplied by a public firm, domestic private firms, and foreign private firms. It is shown that the home government always has an incentive to introduce positive tariffs in opening the economy regardless of whether there are public firms. Furthermore, if the optimal positive tariff is strategically introduced in privatizing the public firm, then privatization can improve welfare even when there are only a few firms in the market. This is in contrast to the existing literature that states that privatization worsens welfare in a closed mixed oligopoly with very few firms.
ISSN
1225-0279
Language
English
URI
http://hdl.handle.net/10371/1202
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College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.13(2) (Summer 2000)
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