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World Affairs Online
In: Environmental and resource economics, Band 29, Heft 1, S. 57-65
ISSN: 1573-1502
In: Pacific economic review, Band 4, Heft 1, S. 31-42
ISSN: 1468-0106
This paper presents a conjectural variation approach to demonstrate that competing firms will often distort their cost structures away from strict cost minimization for strategic reasons. In particular, it is shown that the nature of the desired distortions of production technology depends critically on the magnitudes of the firms' conjectural variations with respect to outputs as well as the firms' conjectural variations with respect to technology. These results are in sharp contrast to the conventional wisdom based on monopolized or perfectly competitive markets.
In: Pacific economic review, Band 2, Heft 2, S. 115-124
ISSN: 1468-0106
This paper departs from earlier work on location theory by introducing external economies of scale into the Weber–Moses location model. It is shown that under Cournot–Nash competition, when external economies prevail, constant returns to scale at the firm level is not a sufficient condition for ensuring the invariance of the firm's optimal location with respect to a change in market demand, regardless of whether or not free entry is allowed. Moreover, when free entry is allowed and the production function exhibits decreasing returns to scale, but with very strong external economies, the optimal location moves towards or away from the market as demand increases according to whether the demand function is convex or concave. These results are different significantly from the conventional wisdom.
In: The Canadian Journal of Economics, Band 24, Heft 3, S. 693
In: The Canadian Journal of Economics, Band 23, Heft 4, S. 908
In: Journal of international economics, Band 27, Heft 1-2, S. 177-183
ISSN: 0022-1996
In: The Canadian Journal of Economics, Band 21, Heft 4, S. 877
In: Journal of international economics, Band 24, Heft 3-4, S. 373-380
ISSN: 0022-1996
In: The Economic Journal, Band 94, Heft 376, S. 931
In: In association with the Chung - Hua Institution for economic research
In: Pacific economic review, Band 15, Heft 1, S. 32-41
ISSN: 1468-0106
In: The World Economy, Band 40, Heft 8, S. 1597-1613
SSRN
In: Pacific economic review, Band 16, Heft 3, S. 389-392
ISSN: 1468-0106
AbstractThis note shows that there is no interior solution in Mai and Hwang's oligopolistic location model with free entry when the sum of external economies scale and the degree of returns‐to‐scale is one or less than one. Furthermore, the shape of the demand function plays a key role in the determination of the oligopolistic firm's plant location.
In: Pacific economic review, Band 8, Heft 3, S. 193-206
ISSN: 1468-0106
Abstract. This paper develops a generalized three‐country model with downstream and upstream industries to analyze optimal import and export trade policies in the presence of monopoly distortion in a foreign intermediate input market. It shows that the import tariff and export tax are linearly dependent. Thus, the optimal choice of the tariff gives rise to the same results as the optimal choice of the export tax, which implies that the domestic government, to avoid tariff retaliation, can use export tax as a substitute for the import tariff.