Suchergebnisse

This comment indicates that the derivation of the fixed fee for licensing both firms in Kabiraj (The Manchester School, Vol. 72 (2004), pp. 188–205) uses a different definition from that in Kamien and Tauman (Quarterly Journal of Economics, Vol. 101 (1986), pp. 471–491) and Kamien et al. (Journal of Mathematical Economics, Vol. 21 (1992), pp. 483–508). It not only points out that this different definition is not reasonable, but also yields interesting new findings that are qualitatively different from those reported in Kabiraj (2004).

AbstractThis paper constructs a two‐country trade model to examine the optimal policies relating to the export of final and intermediate products under Cournot as well as Bertrand competition when firms engage in symbiotic production internationally. The paper shows that given linear demand for the final product, the optimal export policies are to tax the exports of both the final and intermediate goods under symbiotic production, regardless of whether firms engage in Cournot or Bertrand competition in the final good market, which is contrary to the conventional wisdom.