Protectionism and World Welfare

Protectionism and World Welfare

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Many of the world's most distinguished economists examine the recent deterioration in the liberal multilateral trading system, the movement toward protectionism, bilateralism and regionalism, and its causes, effects, and possible solutions. The contributors are at the forefront of trade theory, policy and practice, and by collecting together these analyses in a single volume, this book provides a unique survey for students and scholars of economics, and all those concerned with trade theory and policy in business and government.The outcome of the technology game is measured by the steady-state market shares of the firms. It is shown to be dependent upon what type of information structure each firm has and how the parameters a, 8, and Ap are configured. Given the fixed a ... The iso-share curve in figure 15.1 (resp. figure 15.2) corresponds to the case where both firms have an open-loop (resp. closed-loop) information structure.

Title:Protectionism and World Welfare
Author:Dominick Salvatore
Publisher:Cambridge University Press - 1993-09-23


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