Author: Volodymyr LugovskyyPublisher:
ISBN:
Category :
Languages : en
Pages : 61
Book Description
Essays in International Trade and Theory of Product Differentiation
Author: Volodymyr LugovskyyEssays on Product Differentiation and Trade
Author: Emanuele BacchiegaThree Essays on Oligopolistic Competition, Product Differentiation and International Trade
Author: Fayçal Régis SinaceurPublisher:
ISBN:
Category : Competition, International
Languages : en
Pages : 0
Book Description
This Thesis presents three essays in the area of strategic trade theory and policy. The first essay presents an analysis of trade and welfare between countries with asymmetric conditions. A two-period two-country address model of product differentiation is examined in which firms face an initial period of autarky. Trade takes place in the subsequent period and firms fully anticipate switches in trade regimes. Results suggest that historical (domestic) conditions matter a lot on the international market place. Firms that come from countries with a larger market tend to develop longer product lines, which puts that country in a dominant position in international competition. The model is also used to analyse gains/losses from trade in relation to country size. The second essay investigates the differential effects of specific and ad-valorem tariffs on quality, price and welfare in an oligopolistic industry consisting of foreign and domestic firms. These effects are shown to depend on the location of the home and foreign firms in the quality spectrum. Both tariffs are ranked and conditions for either tariff to be welfare superior are derived. Finally, the third essay presents an analysis of trade policy with endogenous market structure. A "third market model" is specified. Using a simple framework in which industry structure is derived endogenously as the outcome of product line decisions by firms, we show that governments have an incentive to affect the equilibrium product composition by setting non-zero subsidy rates in order to maximize domestic welfare. Subsidies may be uniform or non-uniform across goods and the optimal policy exhibits strong discontinuities as domestic welfare maximization implies a switch of regimes.
Essays in Competition with Product Differentiation and Bargaining in Markets
Author: Jan BouckaertPublisher:
ISBN: 9789056680169
Category :
Languages : en
Pages : 131
Book Description
Essays on Product Quality Differentiation and International Trade
Author: Yo Chul ChoiPublisher:
ISBN:
Category :
Languages : en
Pages : 104
Book Description
Essay one examines whether a generalized version of Flam and Helpman's (1987) model of vertical differentiation can reconcile three facts. One, countries import only a subset of available varieties. Two, import prices vary across exporters within narrow product categories. Three, US growth in both import variety and import price dispersion has occurred at the same time that the US income distribution has significantly widened. The generalized model maps cross-country differences in income distributions to variation in import variety and price variation. The theoretical predictions are examined and confirmed using panel data on import variety and prices, and detailed income distribution data from the Luxembourg Income Survey. Country pairs whose income distributions are growing more similar over time have growing similarity in the distribution of their import prices, and in the number of common export sources from which they buy. Essay two investigates the theoretical relationship between factor abundance and within-product specialization. To address the issue, we develop a general equilibrium model that shows the relationship between quality/quantity specialization and factor endowments. On the quality demand side, we employ a modified CES utility function to explicitly take into account the consumer's preferences for quality. Quality supply side is modeled by introducing a quality differentiated intermediate goods. The model can perfectly explain the couple of recent important empirical findings (Schott 2004, Hummels and Klenow 2005). One, within-product qualities are positively correlated with capital abundance. Two, capital- (labor-) abundant countries produce higher (lower) qualities in smaller (larger) quantities within a product.
Essays on Economics of Vertical Product Differentiation
Author: Taehoon YounEssays on Monopolistic Competition and International Trade
Author: Bernal JimenezEssays on Product Differentiation and Market Structure
Author: Andreas IrmenThree Essays on Product Differentiation
Author: Marco Di CintioThe Economic Theory of Product Differentiation
Author: John BeathPublisher: Cambridge University Press
ISBN: 9780521335522
Category : Business & Economics
Languages : en
Pages : 220
Book Description
There are few industries in modern market economies that do not manufacture differentiated products. This book provides a systematic explanation and analysis of the widespread prevalence of this important category of products. The authors concentrate on models in which product selection is endogenous. In the first four chapters they consider models that try to predict the level of product differentiation that would emerge in situations of market equilibrium. These market equilibria with differentiated products are characterised and then compared with social welfare optima. Particular attention is paid to the distinction between horizontal and vertical differentiation as well as to the related issues of product quality and durability. This book brings together the most important theoretical contributions to these topics in a succinct and coherent manner. One of its major strengths is the way in which it carefully sets out the basic intuition behind the formal results. It will be useful to advanced undergraduate and graduate students taking courses in industrial economics and microeconomic theory.