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Optimal Policies with Strategic Distortions

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Author Info
Kala Krishna
Marie Thursby

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Abstract

Recent work in optimal trade policy for imperfectly competitive markets usually identifies the optimal level of an instrument, and when more instruments are allowed, general interpretations have been unavailable, This paper analyzes the jointly optimal levels of a Variety of instruments with oligopolistic competition. A targeting principle for identifying optimal policies is derived using the concept of a "strategic distortion." It is shown how optimal policies vary with the distortions present and the number of firms, as well as assumptions about market segmentation and regulation. The principles of targeting are illustrated using agricultural marketing boards.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 2527.

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Date of creation: Feb 1988
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Handle: RePEc:nbr:nberwo:2527

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Spencer, Barbara J & Brander, James A, 1983. "International R & D Rivalry and Industrial Strategy," Review of Economic Studies, Blackwell Publishing, vol. 50(4), pages 707-22, October. [Downloadable!] (restricted)
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  2. Auquier, A A & Caves, R E, 1979. "Monopolistic Export Industries, Trade Taxes, and Optimal Competition Policy," Economic Journal, Royal Economic Society, vol. 89(355), pages 559-81, September. [Downloadable!] (restricted)
  3. Markusen, James R., 1984. "The welfare and allocative effects of export taxes versus marketing boards," Journal of Development Economics, Elsevier, vol. 14(1), pages 19-36. [Downloadable!] (restricted)
  4. Martin K. Perry, 1982. "Oligopoly and Consistent Conjectural Variations," Bell Journal of Economics, The RAND Corporation, vol. 13(1), pages 197-205, Spring. [Downloadable!] (restricted)
  5. Krishna, Kala & Itoh, Motoshige, 1988. "Content Protection and Oligopolistic Interactions," Review of Economic Studies, Blackwell Publishing, vol. 55(1), pages 107-25, January. [Downloadable!] (restricted)
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  6. Brander, James A. & Spencer, Barbara J., 1985. "Export subsidies and international market share rivalry," Journal of International Economics, Elsevier, vol. 18(1-2), pages 83-100, February. [Downloadable!] (restricted)
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  7. Just, Richard E & Schmitz, Andrew & Zilberman, David, 1979. "Price Controls and Optimal Export Policies under Alternative Market Structures," American Economic Review, American Economic Association, vol. 69(4), pages 706-14, September. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Praveen Kujal & Juan Ruiz, 2003. "International Trade Policy towards Monopolies and Oligopolies," International Trade 0302002, EconWPA, revised 17 Mar 2003. [Downloadable!]
  2. Kyle Bagwell & Robert W. Staiger, 1990. "The Sensitivity of Strategic and Corrective R&D Policy in Battles for Monopoly," NBER Working Papers 3235, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. Winston Chang & Hajime Sugeta, 2005. "Cost asymmetry, oligopolistic competition and optimal trade and industrial policies," International Economic Journal, Korean International Economic Association, vol. 19(1), pages 95-114, March. [Downloadable!] (restricted)
  4. Jagdish Bhagwati, 1989. "Is free trade passé after all?," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 125(1), pages 17-44, March. [Downloadable!] (restricted)
  5. Kala Krishna & Kathleen Hogan & Phillip Swagel, 1989. "The Non-Optimality of Optimal Trade Policy: The U.S. Automobile Indust ry Revisited, 1979-1985," NBER Working Papers 3118, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  6. Desquilbet, Marion & Guyomard, Herve, 1999. "Public Policy In Vertically Related Markets: A Cournot Oligopoly-Oligopsony Model," 1999 Annual meeting, August 8-11, Nashville, TN 21561, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  7. Arnaud Costinot, 2008. "A Comparative Institutional Analysis of Agreements on Product Standards," University of California at San Diego, Economics Working Paper Series 2008-05, Department of Economics, UC San Diego. [Downloadable!]
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  8. Kala Krishna, 1995. "The Adding Up Problem: A Targeting Approach," NBER Working Papers 4999, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
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