Monopoly and trade policy

International Trade Policy towards Monopoly and Oligopoly

This paper highlights the importance of product differentiation and endogenous r&d in determining the optimal r&d policy, in a model where investment in cost reducing r&d is committed before firms compete in a differentiated-goods third-country export market. R&D is always taxed in oligopolies for high degrees of product differentiation. For lower degrees of product differentiation the duopoly ...

South African Trade Policy Matters : Trade Performance and Trade Policy

South African trade policy has exerted a major influence on the composition and aggregate growth of trade. In the Apartheid period, trade protection seriously impeded both exports and imports, and the economy depended on favorable global commodity price trends to avoid running into an external constraint. South Africa developed a comparative advantage in capital-intensive primary and manufactur...

Welfare Reducing Trade and Optimal Trade Policy

This paper shows that free trade reduces the welfare of a small country with unemployment unless the free trade price if the importable falls below the autarky equivalent price. A decline in the price of the importable from the autarky level not only improves the terms of trade but also reduces employment and production in the importable sector. A numerical example illustrates that the autarky ...

Trade and Information Policy

As society is transformed by the usc of new technologies, information policy issues cross traditional boundaries to be found in a wide range of decision-making arenas. The New World Information Order (NWIO) debate lies relatively quiescent in Unesco, but surfaces in international trade negotiations in response to the US push to get trade in services, or international information flows, included...

Trade Creation and Residual Quota Protection in a Free Trade Area with Domestic Monopoly