Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.mathsocsci.2003.09.004
Title: Existence of trading Nash equilibrium in tariff retaliation models
Authors: Wong, S.-K. 
Keywords: Tariff retaliation
Trading Nash equilibrium
Issue Date: 2004
Source: Wong, S.-K. (2004). Existence of trading Nash equilibrium in tariff retaliation models. Mathematical social sciences 47 (3) : 367-387. ScholarBank@NUS Repository. https://doi.org/10.1016/j.mathsocsci.2003.09.004
Abstract: The paper considers a tariff retaliation model in which two countries set tariffs strategically in an exchange economy. In the classes of homothetic and quasi-linear preferences, I find conditions that guarantee existence of a trading Nash equilibrium. These conditions imply that the offer curves of the countries are convex to the origin, and thus, the best response function of each country is continuous. An example is also constructed to show that a trading Nash equilibrium may not exist in general. © 2003 Elsevier B.V. All rights reserved.
Source Title: Mathematical social sciences
URI: http://scholarbank.nus.edu.sg/handle/10635/22419
ISSN: 01654896
DOI: 10.1016/j.mathsocsci.2003.09.004
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