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Uncertainty costs on an international duopoly with tariffs
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Orientador(es)
Resumo(s)
We consider two firms located in different countries selling the same homogeneous good in both countries.
In each country there is a tariff on imports of the good produced in the other country. We show that the
expected welfare of the countries increase with the variances of the production costs of both firms.
Descrição
Palavras-chave
Game theory International duopoly Uncertainty
Contexto Educativo
Citação
Editora
World Scientific and Engineering Academy and Society