In this paper, we simulate the impact of removing all tariffs on imports under both competitive and Cournot oligopoly market structures with and without barriers to entry and exit.

This paper evaluates Black Sea Economic Cooperation (BSEC) from the perspective of globalization efforts in the Middle East and the Balkans, the regions that future expansion scenarios are most likely to cover. For this purpose, the paper investigates the economic rationale behind the desire to...