Can We Believe in Cold Showers?
AbstractThis paper considers the case of a firm which faces the decision as to whether in invest in a cost-reducing technology with an uncertain return. Under certain conditions the removal of protection can facilitate this investment (a 'cold shower'). It is shown, in the case of Cournot competition, that a cold shower is more likely if a quota rather than a tariff is the protective instrument. It is also leader rather than a Cournot competitor. A Cournot market structure is used to consider a reduction in the number of foreign firms (an increase in the domestic frims market power). It is argured that it is reasonable to belive that this will increase the likelihood of a cold shower occurring.
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Bibliographic InfoArticle provided by Center for Economic Integration, Sejong University in its journal Journal of Economic Integration.
Volume (Year): 13 (1998)
Issue (Month): ()
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- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
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- Campbell, Neil, 2001. "Quality Bargaining and Intermediate Goods Protection," Bulletin of Economic Research, Wiley Blackwell, vol. 53(2), pages 135-42, April.
- Neil Campbell, 2005. "Tariffs, Quotas, and the Corrupt Purchasing of Inappropriate Technology," International Journal of Business and Economics, College of Business, and College of Finance, Feng Chia University, Taichung, Taiwan, vol. 4(1), pages 1-9, April.
- Neil Campbell, 2003. "Does Trade Liberalization Make the Porter Hypothesis Less Relevant," International Journal of Business and Economics, College of Business, and College of Finance, Feng Chia University, Taichung, Taiwan, vol. 2(2), pages 129-140, August.
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