dc.contributor.author | Zissimos, Ben | |
dc.date.accessioned | 2020-09-14T00:31:05Z | |
dc.date.available | 2020-09-14T00:31:05Z | |
dc.date.issued | 2006 | |
dc.identifier.uri | http://hdl.handle.net/1803/15813 | |
dc.description.abstract | In an international trading economy where countries set tariffs strategically, modeled using a Cobb-Douglas example, this paper studies the relationship between the structure and the performance of the world market. Using new results from monotone comparative statics in a Shapley-Shubik market game, replication of such an international trading economy is studied. It is shown that, as the economy is replicated, the equilibrium converges monotonically towards the equilibrium of a competitive equilibrium model of international trade. The distributional implications of replication are also evaluated. | |
dc.language.iso | en_US | |
dc.publisher | Vanderbilt University | en |
dc.subject | Efficiency | |
dc.subject | market structure | |
dc.subject | market game | |
dc.subject | tariff war | |
dc.subject | welfare | |
dc.subject | JEL Classification Number: F02 | |
dc.subject | JEL Classification Number: F13 | |
dc.subject | JEL Classification Number: F15 | |
dc.subject | JEL Classification Number: C73 | |
dc.subject.other | | |
dc.title | The Structure and Performance of the World Market in a Cobb-Douglas Example | |
dc.type | Working Paper | en |
dc.description.department | Economics | |