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Public Policy In Vertically Related Markets: A Cournot Oligopoly-Oligopsony Model

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  • Desquilbet, Marion
  • Guyomard, Herve

Abstract

We use a partial equilibrium two-country model, with two vertically related markets, with perfect competition in the primary good sector and with a fixed number of processing firms in each country, characterized by a Cournot behavior upstream and downstream. In the first stage of the game, the government of the exporting country chooses the level of price instruments on both goods. The targeting principle is used to characterize optimal intervention in presence of a minimum revenue constraint towards primary producers. Keywords: vertically related markets, imperfect

Suggested Citation

  • 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).
  • Handle: RePEc:ags:aaea99:21561
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    File URL: http://purl.umn.edu/21561
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    References listed on IDEAS

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    1. McCorriston, Steve & Sheldon, Ian M, 1996. "The Effects of Vertical Markets on Trade Policy Reform," Oxford Economic Papers, Oxford University Press, vol. 48(4), pages 664-672, October.
    2. Cheng, Leonard K, 1988. "Assisting Domestic Industries under International Oligopoly: The Relevance of the Nature of Competition to Optimal Policies," American Economic Review, American Economic Association, vol. 78(4), pages 746-758, September.
    3. Krishna, Kala & Thursby, Marie, 1991. "Optimal policies with strategic distortions," Journal of International Economics, Elsevier, vol. 31(3-4), pages 291-308, November.
    4. Jeremy I. Bulow & John Geanakoplos & Paul D. Klemperer, 1983. "Multimarket Oligopoly," Cowles Foundation Discussion Papers 674, Cowles Foundation for Research in Economics, Yale University.
    5. 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.
    6. Jonathan Eaton & Gene M. Grossman, 1986. "Optimal Trade and Industrial Policy Under Oligopoly," The Quarterly Journal of Economics, Oxford University Press, vol. 101(2), pages 383-406.
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    Cited by:

    1. Arijit Mukherjee, 2002. "Licensing in a Vertically Separated Industry," Keele Economics Research Papers KERP 2002/09, Centre for Economic Research, Keele University.

    More about this item

    Keywords

    vertically related markets; imperfect competition; Industrial Organization; International Relations/Trade; F1; H2; L1; Q1;

    JEL classification:

    • F1 - International Economics - - Trade
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture

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