The Impact of Tariffs and Quotas on Strategic R&d Behavior

The Impact of Tariffs and Quotas on Strategic R&d Behavior

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Description

Tariffs and quotas are compared to assess their effects on firm behavior in a two-stage Cournot duopoly game, where R&D (or capital) is chosen initially and output is selected subsequently. In this quantity-setting game, the imposition of a quota may remove the possibility of a pure strategy equilibrium, leaving only a mixed strategy equilibrium. Under either potential equilibria, a quota leads to higher domestic profits than those obtained under a comparably restrictive tariff. However, both domestic R&D and output are relatively lower in a pure-strategy, cum-quota equilibrium. Two potential pure-strategy equilibria may result under apparently nonbinding quotas.show more

Product details

  • Paperback | 44 pages
  • 215.9 x 279.4 x 2.54mm | 167.83g
  • Createspace
  • United States
  • English
  • black & white illustrations
  • 1514250284
  • 9781514250280