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Essays on strategic trade policies, differentiated products, and exhaustible resources.

机译:关于战略贸易政策,差异化产品和资源枯竭的论文。

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摘要

This thesis consists of three essays. The firsts essay looks at the optimal export policy in the context of an vertically related industry with differentiated products, and analyze effects of the degree of product substitutability and market structure on the determination of such policy. It is shown that results obtained in a similar model with homogenous goods rivalry no longer hold when the goods are differentiated. Indeed, the degree of product substitutability plays an important role in the determination of export policies, it also determine whether a country can be better off under a trade policy war compared to free trade. The use of differentiated product setting also allows one to compare export policies and countries' welfare between Cournot and Bertrand competitions. It is found that the results of the comparison are also sensitive to the degree of product substitutability.;The third essay analyzes the dynamic rivalry by two firms in the cultural goods market. Consumers are assumed to have homogeneous valuation of one good and heterogeneous valuation of the other good. One of the firm can choose the quality of its product from a continuum of quality levels. This firm is the far-sighted firm in the dynamic model. Consumer preferences evolve gradually over time. This evolution is driven by a network effect and a depreciation effect. The network effect is a function of the current market shares of the two firms. We consider the case where one firm is the dynamic optimizer and the other firm is myopic. The far-sighted firm solves its problem by manipulating its current market share, which in turn affects the evolution of consumer preferences. We show there exist two steady states, one of which is a stable in the saddle-point sense, while the other is unstable. Our comparative static analysis of the stable steady state shows that the steady state quality level of the far-sighted firm is increasing in the discount factor and decreasing in the cost and the speed of adjustment parameters. Moreover, the steady state quality level is lower than the equilibrium quality level of the static model.;The second essay presents a model of tariff war involving n resource-importing countries and a coalition of resource-exporting countries that acts as a resource-cartel, coordinating the extraction paths of their resource-extracting firms. We deal with two different tariff war scenarios. In the first scenario, which we call the bilateral monopoly scenario, all resource-importing countries form a coalition that imposes a common tariff rate on the exhaustible resource. In the second scenario, the resource-importing countries act independently, each imposing its own tariff rate. We compare the outcomes under the two tariff war scenarios and with the free-trade outcome. In our model, it turns out that, given the rate of discount, there is a corresponding threshold level of the marginal cost parameter beyond which the resource-importing countries would prefer bilateral monopoly to world-wide free trade. The higher is the rate of discount, the greater is the corresponding threshold marginal cost level. We study the effects of asymmetry between resource-importing countries on the welfare of the exporting country, and of the importing countries. In the final section, we examine the welfare consequence of splitting the resource stock into two (possibly unequal) parts to serve the two import markets. It turns out that such market segregation is harmful to the exporting country.
机译:本文由三篇论文组成。第一篇论文着眼于具有差异化产品的垂直相关行业的最优出口政策,并分析了产品替代程度和市场结构对这种政策确定的影响。结果表明,当商品被区分时,在具有同类商品竞争的相似模型中获得的结果不再成立。确实,产品可替代性的程度在确定出口政策中起着重要作用,它还决定了与自由贸易相比,一个国家在贸易政策战争中能否更好。使用差异化的产品设置还可以比较古诺和贝特朗比赛之间的出口政策和国家的福利。发现比较结果对产品的可替代性也很敏感。第三篇文章分析了两家公司在文化产品市场上的动态竞争。假定消费者对一种商品具有同等的评估,而对另一种商品具有异类的评估。公司之一可以从连续的质量水平中选择产品的质量。这家公司是动态模型中有远见的公司。消费者的喜好会随着时间的推移逐渐发展。这种演变是由网络效应和折旧效应驱动的。网络效应是两家公司当前市场份额的函数。我们考虑一种情况,其中一家公司是动态优化器,而另一家公司是近视公司。有远见的公司通过操纵其当前的市场份额来解决其问题,这反过来又影响了消费者偏好的演变。我们显示存在两个稳态,其中一个在鞍点意义上是稳定的,而另一个则是不稳定的。我们对稳态的静态比较分析表明,有远见的企业的稳态质量水平在折现因子方面不断提高,而成本和调整参数的速度却在下降。此外,稳态质量水平低于静态模型的均衡质量水平。;第二篇文章提出了一种关税战争模型,涉及n个资源进口国和一个资源出口国联盟,充当资源卡特尔,协调其资源提取公司的提取路径。我们处理两种不同的关税战方案。在第一个场景中,我们称之为双边垄断场景,所有资源进口国组成一个联盟,对可消耗资源施加共同的关税税率。在第二种情况下,资源进口国独立行事,各自施加自己的关税税率。我们将两种关税战情景下的结果与自由贸易的结果进行比较。在我们的模型中,事实证明,给定折现率,边际成本参数存在一个相应的阈值水平,超过该阈值水平,资源输入国将倾向于双边垄断而不是全球自由贸易。折扣率越高,相应的边际成本阈值越大。我们研究了资源进口国之间不对称对出口国和进口国福利的影响。在最后一节中,我们研究了将资源库存分为两个(可能不相等)部分服务于两个进口市场的福利后果。事实证明,这种市场隔离对出口国有害。

著录项

  • 作者

    Chou, Jui-Hsien Stephen.;

  • 作者单位

    McGill University (Canada).;

  • 授予单位 McGill University (Canada).;
  • 学科 Economics Theory.
  • 学位 Ph.D.
  • 年度 2008
  • 页码 122 p.
  • 总页数 122
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

  • 入库时间 2022-08-17 11:38:34

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