Dynamic Trade Policy
Eun-Soo Park ()
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Eun-Soo Park: West Virginia University, Postal: Department of Economics, West Virginia University, Morgantown, WV 26506-6025, U.S.A.
Journal of Economic Integration, 1997, vol. 12, 561-571
Abstract:
This paper considers a dynamic model of strategic export subsidy/tax game in which governments have an option of choosing open-loop or closed-loop trade policies. In a simple two-period Bertrand duopoly model, it is shown that all subgame-perfect equilibria are asymmetric even when the underlying game is symmetric.
Keywords: Dynamic; Trade; Policy (search for similar items in EconPapers)
JEL-codes: F12 F13 (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0063
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