| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2801 |
| DP2801 The Comovements between Real Activity and Prices in the G7 | |
| Wouter Den Haan; Steven Sumner | |
| 发表日期 | 2001-05-29 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | This Paper examines optimal trade policy in a two-period oligopoly model, with a home and a foreign firm choosing capital and output. Demand uncertainty, resolved in period two, gives rise to a trade-off between strategic commitment and flexibility in the firms? investment decisions. When the government can commit to an export subsidy, it may choose to over- or under-subsidize to deter private-sector capital commitment. When the government chooses its trade policy flexibly, the relative value of commitment to the unsubsidized foreign firm is greater than to the subsidized home firm. Finally, a flexible subsidy regime is compared to free trade. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Demand uncertainty Strategic commitment Flexibility Trade policy |
| URL | https://cepr.org/publications/dp2801 |
| 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/531860 |
| 推荐引用方式 GB/T 7714 | Wouter Den Haan,Steven Sumner. DP2801 The Comovements between Real Activity and Prices in the G7. 2001. |
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