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NBER WORKING PAPER SERIES TRADE WARS AND TRADE TALKS WITH DATA
NBER WORKING PAPER SERIES TRADE WARS AND TRADE TALKS WITH DATA

2004 Report on Foreign Policy
2004 Report on Foreign Policy

... Export controls maintained for foreign policy purposes require annual extension according to the provisions of Section 6 of the Export Administration Act of 1979, as amended (the Act). Section 6(f) of the Act requires the President to submit a report to Congress to extend the controls. Such authorit ...
URL Address
URL Address

Access Regulation under Asymmetric Information about Demand!
Access Regulation under Asymmetric Information about Demand!

Opportunism is not the only reason why firms exist: why an
Opportunism is not the only reason why firms exist: why an

Altruism in the Principal-Agent Model: The Samaritan`s Dilemma
Altruism in the Principal-Agent Model: The Samaritan`s Dilemma

DYNAMIC COSTS AND MORAL HAZARD Abstract. The cost of effort
DYNAMIC COSTS AND MORAL HAZARD Abstract. The cost of effort

Joint Stocking and Sourcing Policies for a Single–Depot, Single
Joint Stocking and Sourcing Policies for a Single–Depot, Single

PDF
PDF

PDF Download
PDF Download

Explicit solutions for dynamic portfolio choice in jump
Explicit solutions for dynamic portfolio choice in jump

Entrepreneurship as a non-profit-seeking activity
Entrepreneurship as a non-profit-seeking activity

Policies for a Multi-Class Queue with Convex Holding Cost and
Policies for a Multi-Class Queue with Convex Holding Cost and

Chapter 2 - SUNY New Paltz
Chapter 2 - SUNY New Paltz

Chapter 8
Chapter 8

Efficient Dynamic Allocation with Strategic Arrivals
Efficient Dynamic Allocation with Strategic Arrivals

ESSAYS ON ENDOGENOUS TIME PREFERENCE AND
ESSAYS ON ENDOGENOUS TIME PREFERENCE AND

Chapter 12 - Parkin - Home : University of Miami School of
Chapter 12 - Parkin - Home : University of Miami School of

Do Style-Goods Retailers` Demands for Guaranteed Profit Margins
Do Style-Goods Retailers` Demands for Guaranteed Profit Margins

microecon_C11A_24
microecon_C11A_24

Revenue-Neutral Tariff Reform: The Welfare Effects of Uniform Tariffs in 13 Developing Countries
Revenue-Neutral Tariff Reform: The Welfare Effects of Uniform Tariffs in 13 Developing Countries

International Competitiveness and Comparative Advantage: A
International Competitiveness and Comparative Advantage: A

... Dornbusch, Fischer and Samuelson (1977) and is now standard in most of our textbooks. One crucial aspect of measurement in the context of n goods is not always emphasized, however. It is the necessity to use equilibrium prices in the measurement of costs. If markets are not in equilibrium, wage hike ...
NBER WORKING PAPER SERIES OPTIMAL ENDOWMENT DESTRUCTION UNDER CAMPBELL-COCHRANE HABIT FORMATION Lars Ljungqvist
NBER WORKING PAPER SERIES OPTIMAL ENDOWMENT DESTRUCTION UNDER CAMPBELL-COCHRANE HABIT FORMATION Lars Ljungqvist

Effect of Profit Warning on Stock Returns
Effect of Profit Warning on Stock Returns

Working Paper No. 313
Working Paper No. 313

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Brander–Spencer model



The Brander–Spencer model is an economic model in international trade originally developed by James Brander and Barbara Spencer in the early 1980s. The model illustrates a situation where, under certain assumptions, a government can subsidize domestic firms to help them in their competition against foreign producers and in doing so enhances national welfare. This conclusion stands in contrast to results from most international trade models, in which government non-interference is socially optimal.The basic model is a variation on the Stackelberg–Cournot ""leader and follower"" duopoly game. Alternatively, the model can be portrayed in game theoretic terms as initially a game with multiple Nash equilibria, with government having the capability of affecting the payoffs to switch to a game with just one equilibrium. Although it is possible for the national government to increase a country's welfare in the model through export subsidies, the policy is of beggar thy neighbor type. This also means that if all governments simultaneously attempt to follow the policy prescription of the model, all countries would wind up worse off.The model was part of the ""New Trade Theory"" that was developed in the late 1970s and early 1980s, which incorporated then recent developments from literature on industrial organization into theories of international trade. In particular, like in many other New Trade Theory models, economies of scale (in this case, in the form of fixed entry costs) play an important role in the Brander–Spencer model.
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