| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1824 |
| DP1824 Threat of a Capital Levy, Expected Devaluation and Interest Rates in Inter-War France | |
| Pierre Sicsic | |
| 发表日期 | 1998-03-09 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | We investigate whether a welfare-maximizing government ought to pursue a programme of strategic trade intervention or instead commit itself to free trade when, in the former case, domestic firms will have an opportunity to manipulate the government?s choice of the level of intervention. Domestic firms may over-invest in physical and knowledge capital in a regime of strategic intervention in order to influence the government?s choice of subsidy. In the event, a commitment to free trade may be desirable even in settings where profit-shifting would be possible. We analyse the desirability of such a commitment when the government is well informed about firms? types and actions, and when it suffers from an informational disadvantage. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Export promotion Export subsidies Policy commitment Rules versus discretion Strategic trade policy |
| URL | https://cepr.org/publications/dp1824 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530958 |
| 推荐引用方式 GB/T 7714 | Pierre Sicsic. DP1824 Threat of a Capital Levy, Expected Devaluation and Interest Rates in Inter-War France. 1998. |
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