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dc.contributor.authorKeenan, Donald C.en_US
dc.contributor.authorNaqvi, Nadeemen_US
dc.contributor.authorPech, Geralden_US
dc.date.accessioned2011-11-10en_US
dc.date.accessioned2012-04-04T13:55:32Z-
dc.date.available2012-04-04T13:55:32Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/56549-
dc.description.abstractThis paper characterizes, under the most general conditions to date, the steady-state equilibria of a symmetric, two-country trade model in which countries move in alternating-move, dynamic either tariffsetting or quota-setting games in Markov Perfect strategies, and compares the respective equilibrium level of tariffs and quotas with the corresponding pairs in the equilibria of static games. Our results imply that the alleged non-equivalence of the outcomes of tariff-retaliation (neither free trade nor autarky) and quota-retaliation (asymptotic autarky) games in the literature depends crucially on complete myopia, and can be dismissed altogether once dynamic considerations are introduced in an operationally significant manner.en_US
dc.language.isoengen_US
dc.publisherUniv., Dep. of Business Administration & Economics Marburgen_US
dc.relation.ispartofseriesJoint discussion paper series in economics 44-2011en_US
dc.subject.ddc330en_US
dc.subject.keywordforeign trade policyen_US
dc.subject.keywordtariffen_US
dc.subject.keywordquotaen_US
dc.subject.keywordretaliationen_US
dc.subject.keyworddynamic gameen_US
dc.subject.keywordMarkov perfect equilibriumen_US
dc.subject.keywordsupermodular gamesen_US
dc.subject.stwAußenwirtschaftspolitiken_US
dc.subject.stwZollpolitiken_US
dc.subject.stwAußenhandelskontingenten_US
dc.subject.stwDynamisches Spielen_US
dc.subject.stwMarkovscher Prozessen_US
dc.subject.stwGleichgewichten_US
dc.subject.stwTheorieen_US
dc.titleA theory of dynamic tariff and quota retaliationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn671915606en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:MAGKS Joint Discussion Paper Series in Economics, Universität Marburg

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