Competition Policy in an Open Economy
1998-08-07
Research Paper
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We examine the setting of national competition policy in a two-country setting, emphasizing the relationship of trade to the goals of competition policy (such as the degree and nature of competition). The issues we address involve the general equilibrium distributional effects of competition policy, the relationship of national competition policy to terms-of-trade gains and losses, the implications of "distinct national markets" linked through trade (the starting point for all trade theorists) for the analysis of national competition policy, and the characteristics of the Nash equilibrium policy sets.
Keywords
Classifications using
Journal of Economic Literature (JEL) Classification System
- F0 : International Economics: General
- F13 : Commercial Policy; Protection; Promotion; Trade Negotiations; International Organizations
- F12 : Models of Trade with Imperfect Competition and Scale Economies
Automatically Extracted Terms
- competition
- policy
- competition policy
- country
- equilibrium
- trade
- factor
- nash equilibrium
- income
- markup
- market
- observation
- x sector
- profit
- effect
- welfare
- economy
- price
- sector
- point
