| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3355 |
| DP3355 A Simple Framework for International Monetary Policy Analysis | |
| Mark Gertler; Richard Clarida; Jordi Gali | |
| 发表日期 | 2002-04-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | Knickerbocker (1973) introduced ?oligopolistic reaction? to explain why firms follow rivals into foreign markets. We develop a model that incorporates central features of Knickerbocker's story-oligopoly, uncertainty, and risk aversion-to establish the conditions required to generate follow-the-leader behaviour. We find that rival foreign investment will make risk-neutral firms less inclined to move abroad once its rivals have done so. We show that the Knickerbocker prediction relies on risk aversion and derive an expression for the minimum amount of risk aversion needed to generate oligopolistic reaction. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Oligopolistic reaction Spatial cournot competition Uncertainty |
| URL | https://cepr.org/publications/dp3355 |
| 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/532377 |
| 推荐引用方式 GB/T 7714 | Mark Gertler,Richard Clarida,Jordi Gali. DP3355 A Simple Framework for International Monetary Policy Analysis. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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