Trade restricting policies under uncertainty and duopoly with differentiated products /
| Main Author: | |
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| Other Authors: | , , |
| Format: | Thesis Book |
| Language: | English |
| Published: |
1988.
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| Subjects: | |
| Online Access: | ProQuest, Abstract Link to OAKTrust copy |
| Abstract: | This dissertation provides analyses of several trade restricting policies under uncertainty and duopoly with differentiated products. It considers non-equivalence of tariffs and quotas under uncertainty with a duopoly market and differentiated products when the behavior patterns of both producers are endogenously determined. It also examines how the two strategies of oligopolistic competition-- setting price or quantity-- affect the results of non-equivalence of tariffs and quotas in the Itoh and Ono model (1984) and the welfare and protective effects of other policy alternatives when the duopoly produces differentiated but substitute goods and competes under uncertainty. The dissertation extends the Itoh and Ono model (1984) in three directions. First, the dissertation developes the Itoh and Ono model under uncertainty using their assumptions about the firm's behavior. I derive the properties of home and foreign reaction functions, show how uncertainty shifts the curves, and compare the equilibria under certainty and uncertainty. Second, the dissertation examines how the two strategies of oligopolistic competition-- setting price or quantity-- affect the results of non-equivalence of tariffs and quotas in the Itoh and Ono model. When exogenous uncertainty about market demands is introduced, a monopolist is not, in general, indifferent between choosing a quantity then selling at the resulting market price and setting a price then producing what the market demands. Therefore the general non-equivalence of tariffs and quotas does not hold in the quantity setting model whereas it does hold in the price setting model. Third, the dissertation compares the effects of other trade restricting policies in addition to traditional tariff and quota policies under uncertainty and duopoly with differentiated products. It compares and contrasts the effects of an ad valorem tariff, a fixed quota, a variable quota, lump sum subsidies to the home producer, and fixed taxes on the foreign producer. |
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| Item Description: | Typescript (photocopy). Vita. "Major subject: Economics." |
| Physical Description: | x, 131 leaves : illustrations ; 29 cm |
| Bibliography: | Includes bibliographical references (leaves 127-130). |