Idioma:

Size, sunk costs, and Judge Bowker's objection to free trade

McLaren, J. (Columbia University, New York, NY.)

The American economic review, 1997-06, Vol.87 (3), p.400-420 [Periódico revisado por pares]

Menasha, Wis: American Economic Association

Texto completo disponível

Citações Citado por

Enviar para

Título:
Size, sunk costs, and Judge Bowker's objection to free trade
Autor: McLaren, J. (Columbia University, New York, NY.)
Assuntos: ACCORD COMMERCIAL ; ACUERDOS COMERCIALES ; AFFECTATION DE RESSOURCES ; Agreements ; ARANCELES ; ASIGNACION DE RECURSOS ; Bargaining ; BARGAINING POWER ; COMERCIO INTERNACIONAL ; COMMERCE INTERNATIONAL ; COSTOS DE PRODUCCION ; Costs ; COUT DE PRODUCTION ; Developing countries ; ECONOMETRIA ; ECONOMETRICS ; ECONOMETRIE ; ECONOMIA DE BIENESTAR ; Economics ; ECONOMIE DU BIEN ETRE ; ELASTICITIES ; Equilibrium ; FREE TRADE ; Imports ; Industrial production ; International agreements ; INTERNATIONAL TRADE ; INVERSIONES ; INVESTISSEMENT ; INVESTMENT ; IRREVERSIBLE INVESTMENTS ; LDCs ; LIBERALISATION DES ECHANGES ; LIBERALIZACION DEL INTERCAMBIO ; Liberalization ; Nash equilibrium ; Negotiations ; POLITICA DE COMERCIO EXTERIOR ; POLITIQUE DU COMMERCE INTERNATIONAL ; PRODUCTION COSTS ; RESOURCE ALLOCATION ; Size of enterprise ; Sovereignty ; Studies ; SUBSTITUTION ; Sunk costs ; TARIF DOUANIER ; TARIFFS ; Terms of trade ; Threats ; TRADE AGREEMENTS ; Trade disputes ; TRADE LIBERALIZATION ; Trade negotiation ; TRADE POLICIES ; Trade policy ; Trade relations ; UTILITY FUNCTIONS ; War ; WELFARE ECONOMICS
É parte de: The American economic review, 1997-06, Vol.87 (3), p.400-420
Notas: 1997055688
E16
E70
ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
Descrição: In trade liberalization between a large country and a small one, if production requires irreversible investments, anticipated negotiations may make the small country strictly worse off than a fully anticipated trade war, and indeed worse off than autarchy. The reason is that investors, anticipating liberal trade, will invest in the export sector, making the small country dependent on trade with the large one and thus ruining its bargaining power. This effect is dominated by conventional effects, so that anticipated bargaining benefits the small country on balance, if there is sufficient: (i) dissimilarity between the economies, and (ii) substitutability between goods.
Editor: Menasha, Wis: American Economic Association
Idioma: Inglês

Voltar para lista de resultados

Realização: Logos de Redes Sociais:

Size, sunk costs, and Judge Bowker's objection to free trade

McLaren, J. (Columbia University, New York, NY.)

Menasha, Wis: American Economic Association

Buscando em bases de dados remotas. Favor aguardar.