Spillover Effects of Economic Integration in a Three-Country Model∗
نویسندگان
چکیده
Using a simple monopoly model, we examine the effects of economic integration. We show that the number of markets and the shape of marginal revenue curves are crucial to evaluate economic integration when the marginal cost is not constant. The effects of tariff-reductions in a three-country model are in contrast with those in a two-country model. The effects also depend on what trade policy the non-member country adopts. When both importing countries simultaneously lower their tariffs, the Metzler paradox may arise. JEL Classification Numbers : F12, F13, F15
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