<Research Note>A Note on "Optimal Strategic Trade Policy under Asymmetric Information"
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概要
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In the Journal of International Economics, 1994,Vol. 36,333-54,Larry Qiu developed a model of an optimal export promotion policy under asymmetric information. In Bertrand competition, he shows that the expected welfare is larger under the uniform policy than under the separation-inducing policy. Actually, in this note, we show that no such separating equilibrium exists. Although his main conclusion in Bertrand competition analysis is unaffected, his reasoning in the paper is misleading.
- 福岡国際大学・福岡女子短期大学の論文
- 2001-07-16
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- A Note on "Optimal Strategic Trade Policy under Asymmetric Information"