Format:
Online-Ressource (25 p)
Edition:
Online-Ausg.
ISBN:
1451850611
,
9781451850611
Series Statement:
IMF Working Papers Working Paper No. 98/84
Content:
This paper uses the three-country duopoly model to examine the effects of lowered trade barriers when a new entrant joins a trading bloc. There are two firms—a small-country firm and a large-country firm within the bloc—and three markets—two within and one (new entrant’s) outside the bloc. The analysis generally shows greater gains for the small-country than for the large-country firm. The small-country firm will export more to the external country than the large-country firm. But if tariffs decline, the export share of the large-country firm will increase relative to the small-country firm’s, though profits will improve more for the latter
Additional Edition:
Erscheint auch als Druck-Ausgabe Hacker, R Trading Blocs and Welfare: How Trading Bloc Members Are Affected by New Entrants Washington, D.C. : International Monetary Fund, 1998 ISBN 9781451850611
Language:
English
DOI:
10.5089/9781451850611.001
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