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Advisor(s)
Abstract(s)
In this paper, we study an international market with demand uncertainty. The model has two stages. In the first stage, the home government chooses an import tariff to maximize the revenue. Then, the firms engage in a Cournot or in a Stackelberg competition. The uncertainty is resolved between the decisions made by the home government and by the firms.
We compare the results obtained in the three different ways of moving on the decision make of the firms.
Description
Keywords
Industrial organization Game theory Uncertainty Cournot model Leadership
Citation
Publisher
AIP Publishing