Toshimitsu, Tsuyoshi; Jinji, Naoto - In: Review of International Economics 16 (2008) 1, pp. 173-185
This paper shows that some of the main policy implications in <link rid="b3">Park (2001</link>) and <link rid="b5">Zhou, Spencer, and Vertinsky (2002</link>) are sensitive to their assumptions on marginal production costs. The unilaterally optimal policy for investment towards quality improvement is analyzed, assuming constant and...
