Does a 'non-committed' government always generate lower social welfare than its 'committed' counterpart? Strategic trade policy when consumer surplus matters
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F11%3A00368801" target="_blank" >RIV/67985998:_____/11:00368801 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1016/j.jce.2011.03.006" target="_blank" >http://dx.doi.org/10.1016/j.jce.2011.03.006</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.jce.2011.03.006" target="_blank" >10.1016/j.jce.2011.03.006</a>
Alternative languages
Result language
angličtina
Original language name
Does a 'non-committed' government always generate lower social welfare than its 'committed' counterpart? Strategic trade policy when consumer surplus matters
Original language description
We show that social welfare in the setup where the government lacks the full ability to commit to its trade policies may exceed the social welfare when the government possesses full commitment power if consumer surplus is part of the social welfare function. This is never the case in the standard, "third market" framework of strategic trade policy. We provide two examples in which consumer surplus matters: the "home market" and the "intraindustry trade" setup. The policy instruments under considerationare import tariffs and export subsidies and there are R&D spillovers from the domestic to the foreign firm.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/LC542" target="_blank" >LC542: Center of Advanced Political Economy Research</a><br>
Continuities
Z - Vyzkumny zamer (s odkazem do CEZ)
Others
Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Comparative Economics
ISSN
0147-5967
e-ISSN
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Volume of the periodical
39
Issue of the periodical within the volume
4
Country of publishing house
US - UNITED STATES
Number of pages
24
Pages from-to
533-556
UT code for WoS article
000299064700006
EID of the result in the Scopus database
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