In the strategic trade policy literature, the firms typically make positive profits at equilibrium policy levels. We show that this is not always true when firms from the developed (North) and developing (South) countries compete in the Northern market. In particular, the South firm may be...

This paper shows the evolution of production, domestic demand and imports and exports of alcoholic beverages between 1995 and 2009. These variables are given for beer, malt and distilled and non‐distilled alcoholic beverages as well as some non‐alcoholic beverages. The paper shows the...