Strategic Trade Policy with Generalized Social Welfare Functions
This paper investigates the conduct of strategic trade policy when the government maximizes a generalized social welfare function with variable weights on profit and consumer surplus. We find the unexpected result that increased emphasis on either will tend to favor the use of the subsidy rather tha...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
People & Global Business Association (P&GBA)
2012-03-01
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| Series: | Global Business and Finance Review |
| Subjects: | |
| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150622115834-DLGC6.pdf |