Trade policy for the multiple product declining industry
Board of Governors of the Federal Reserve System, 1985 - Business & Economics - 33 pages
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actual foreign price American Economic appropriate policy appropriate trade policy autarchy expenditure average cost curve average cost pricing Bel 1 Journal Brander Cobb-Douglas consumption benefits consumption gains Contestable Markets cost characteristics cost pricing rules cost/output tradeoffs worsen cross-price elasticity DD curve demand curves demand shift developed countries domestic country domestic firm domestic industry domestic product economies of scale elasticity of demand Federal Reserve System Finance Discussion Papers foreign competition foreign cost advantage foreign producer free trade function implies increasing returns International Finance Discussion jointness in production Joskow Marginal Cost Pricing merger Natural Monopoly NUMBER oligopoly optimal tax OPTIMAL TRADE POLICY perfect competition post-trade price Predatory Pricing product comparative advantage product spectrum comparative production technology protection range of foreign remaining domestically produced restricted trade returns to scale scale and scope sector single product comparative spectrum comparative advantage standard comparative advantage substitutabi1ity substitute TT curve unambiguously welfare Willig yields