Whalley, John; Yu, Jun; Zhang, Shunming - CESifo - 2009
We explore how outcomes of trade policy retaliation (Nash tariff games) are affected when trade simultaneously takes … in goods trade are endogenously determined, and retaliatory trade policy towards goods can affect these and monetary …. Optimal trade policy differs from that in a conventional goods only trade model in that countries which run trade deficits in …