Please use this identifier to cite or link to this item:
|Title:||Existence of trading Nash equilibrium in tariff retaliation models|
Trading Nash equilibrium
|Citation:||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|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Aug 16, 2018
WEB OF SCIENCETM
checked on Jul 31, 2018
checked on Jun 23, 2018
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.