RENEWABLE RESOURCE EXPLOITATION: INTERNATIONAL TRADE AND OPTIMAL STRATEGIC POLICY FOR THE LONG-TERM
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概要
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Short and long-term strategic policies of two countries' governments are examined, by adopting a two-country model where each country is endowed with respective renewable resource stock and which is a two-stage game involving two gov ernments and their respective firms that produce a homogenous product derived from a renewable resource. This paper shows that the foreign country of a resource exporter has a trade-off between the expansion of foreign market share and the conservation of its own renewable resource stock, while the domestic country of a resource importer does not have such a trade-off.
- 慶應義塾大学の論文