haku: @indexterm Imperfect competition / yhteensä: 53
viite: 29 / 53
Tekijä: | Wes, M. |
Otsikko: | International trade, bargaining and efficiency: the holdup problem |
Lehti: | Scandinavian journal of economics
2000 : VOL. 102:1, p. 151-162 |
Asiasana: | ECONOMICS IMPERFECT COMPETITION INTERNATIONAL TRADE |
Kieli: | eng |
Tiivistelmä: | In the presence of product market imperfections and holdup, the authors identify allocative and productive efficiency gains resulting from international trade. Under a bilateral monopoly in a closed economy, inefficiencies arise in both input and output markets. Trade in final goods has a procompetitive effect in the product market. This in return triggers an increase in output, which raises incentives for the upstream firm to invest and helps reduce the hold-up problem. |
SCIMA