This paper develops a model of international competition in an oligopoly characterized by strong learning effects. The model is quantified by calibrating its parameters to reproduce the US-Japanese rivalry in 16K R.A.Ms from 1978-1983. We then ask the following question: how much did the apparent closure of the Japanese market to imports affect Japan's export performance? A simulation analysis suggests that a protected home market was a crucial advantage to Japanese firms, which would otherwise have been uncompetitive both at home and abroad. We find, however, that Japan's home market protection nonetheless produced more costs than benefits for Japan.
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
1936.
Length: Date of creation: May 1986 Date of revision: Publication status: published as in Empirical Methods for International Trade, (ed)R. Feenstra. MIT Press, 1987. Handle: RePEc:nbr:nberwo:1936
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Krishna, K & Thursby, M, 1995.
"Whither Flat Panel Displays?,"
Papers
95-007, Purdue University, Krannert School of Management - Center for International Business Education and Research (CIBER).