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Trade and Industrial Policy under International Oligopoly (Paperback)
Loot Price: R1,179
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Trade and Industrial Policy under International Oligopoly (Paperback)
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The existence of firms with different levels of efficiency within a
country plays an important role in this in-depth analysis of
industrial and trade policies in a multi-country trade-theoretic
framework. Sajal Lahiri and Yoshiyasu Ono examine various
industrial policies, R&D subsidies and trade policies under
conditions of imperfect competition in a product market created by
the presence of Cournot oligopolistic interdependence in
production. Trade is defined broadly to include trade in commodity
as well as trade in capital, specifically foreign direct
investment. While the first part of the book focuses on commodity
trade and assumes full employment, the latter considers foreign
direct investment and assumes the presence of unemployment. Given
the importance of industrial policies and the prevalence of
imperfect competition, together with ongoing attention to
theoretical issues concerning industrial economics, this research
will excite interest amongst researchers, advanced students and
policy makers in this field.
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