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Antidumping: Welfare Enhancing Retaliation?

Martin, Alberto; Vergote, Wouter - 2004

argue that these concerns may be unfounded since, in a world of restricted trade policy instruments, a retaliatory use of AD …, underlying this result, is the unavailability of transfers or export subsidies in the current world trading system. …

Persistent link: https://www.econbiz.de/10015241371

On the Equivalence of Tariffs and Quotas with Incomplete Information

Ning, Haokai - 2020

This paper compares the social welfare effects of tariffs and quotas as strategic trade policy instruments in an oligopolistic industry where the domestic market demand is uncertain and the policy is chosen before the uncertainty is resolved. The uncertain demand, once realized, is assumed to be...

Persistent link: https://www.econbiz.de/10015212667

Choice of Trade Policy with Incomplete Information

Ning, Haokai - 2020

This paper studies the design of trade policies in an uncertain third market with incomplete information. Governments in each of the two countries select either direct quantity controls or subsidies in an attempt to shift profits in favour of their own firms in an oligopolistic setting. It is...

Persistent link: https://www.econbiz.de/10015212681

Strategic Trade Policy in Reciprocal Dumping Model with Incomplete Information

Ning, Haokai - 2020

This paper extends the conventional literature on strategic trade policy in reciprocal dumping model to the context that involves market demand uncertainty and incomplete information. In order to highlight the role of uncertainty and incomplete information, a simple scenario with linear...

Persistent link: https://www.econbiz.de/10015212682

Not so cheap talk: a model of advice with communication costs

Hertel, Jo; Smith, John - 2009

identical for both sender and receiver. Additionally, the sender incurs a communication cost which is increasing in the … applied to the case where communication is costless but preferences diverge. Additionally, we model the competency of the … decreasing in the likelihood of the mistake. When the preferences between players diverge and when there are communication costs …

Persistent link: https://www.econbiz.de/10015218015

Social Welfare in Search Games with Asymmetric Information

Bavly, Gilad; Heller, Yuval; Schreiber, Amnon - 2020

We consider games in which players search for a hidden prize, and they have asymmetric information about the prize's location. We study the social payoff in equilibria of these games. We present sufficient conditions for the existence of an equilibrium that yields the first-best payoff (i.e.,...

Persistent link: https://www.econbiz.de/10015218386

War with Iran: Will brinkmanship deter Iran from building the bomb?

Basuchoudhary, Atin; Meredith, Rich - 2009

This paper applies a standard model of brinkmanship as a way of analyzing the likelihood that Iran will respond to the threat of war by capitulating on its nuclear weapons ambitions. We find that it is always possible to generate such a threat as long as Iranian payoffs are non negative....

Persistent link: https://www.econbiz.de/10015219875

Sentiments and rationalizability

Mathevet, Laurent - 2010

Sentiments are characteristics of players' beliefs. I propose two notions of sentiments, confidence and optimism, and I study their role in shaping the set of rationalizable strategy profiles in (incomplete information) games with complementarities. Confidence is related to a player's perceived...

Persistent link: https://www.econbiz.de/10015221856

Not so cheap talk: Costly and discrete communication

Hertel, Johanna; Smith, John - 2010

particular, the sender has a finite set of message elements with which to compose messages. The sender incurs a communication … uniqueness and we provide an example where an increase in communication costs can improve communication. As we show in an example … payoffs in mediated communication. …

Persistent link: https://www.econbiz.de/10015222152

Learning in hidden Markov models with bounded memory

Monte, Daniel; Said, Maher - 2010

This paper explores the role of memory in decision making in dynamic environments. We examine the inference problem faced by an agent with bounded memory who receives a sequence of signals from a hidden Markov model. We show that the optimal symmetric memory rule may be deterministic. This...

Persistent link: https://www.econbiz.de/10015222322