About: Does a 'non-committed' government always generate lower social welfare than its 'committed' counterpart? Strategic trade policy when consumer surplus matters

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	We show that social welfare in the setup where the government lacks the full ability to commit to its trade policies may exceed the social welfare when the government possesses full commitment power if consumer surplus is part of the social welfare function. This is never the case in the standard, %22third market%22 framework of strategic trade policy. We provide two examples in which consumer surplus matters: the %22home market%22 and the %22intraindustry trade%22 setup. The policy instruments under consideration are import tariffs and export subsidies and there are R&D spillovers from the domestic to the foreign firm. We show that social welfare in the setup where the government lacks the full ability to commit to its trade policies may exceed the social welfare when the government possesses full commitment power if consumer surplus is part of the social welfare function. This is never the case in the standard, %22third market%22 framework of strategic trade policy. We provide two examples in which consumer surplus matters: the %22home market%22 and the %22intraindustry trade%22 setup. The policy instruments under consideration are import tariffs and export subsidies and there are R&D spillovers from the domestic to the foreign firm. (en)
Title	Does a 'non-committed' government always generate lower social welfare than its 'committed' counterpart? Strategic trade policy when consumer surplus matters Does a 'non-committed' government always generate lower social welfare than its 'committed' counterpart? Strategic trade policy when consumer surplus matters (en)
skos:prefLabel	Does a 'non-committed' government always generate lower social welfare than its 'committed' counterpart? Strategic trade policy when consumer surplus matters Does a 'non-committed' government always generate lower social welfare than its 'committed' counterpart? Strategic trade policy when consumer surplus matters (en)
skos:notation	RIV/67985998:_____/11:00368801!RIV12-MSM-67985998
http://linked.open...avai/predkladatel	Národohospodářský ústav AV ČR, v.v.i.
http://linked.open...avai/riv/aktivita	P Z
http://linked.open...avai/riv/aktivity	P(LC542), Z(AV0Z70850503)
http://linked.open...iv/cisloPeriodika	4
http://linked.open...vai/riv/dodaniDat	2012
http://linked.open...aciTvurceVysledku	Žigić, Krešimir
http://linked.open.../riv/druhVysledku	J - Článek v odborném periodiku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Národohospodářský ústav AV ČR, v. v. i.
http://linked.open...dnocenehoVysledku	195186
http://linked.open...ai/riv/idVysledku	RIV/67985998:_____/11:00368801
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	government commitment; social welfare; optimal tariffs and export subsidies (en)
http://linked.open.../riv/klicoveSlovo	government commitment optimal tariffs and export subsidies social welfare
http://linked.open...odStatuVydavatele	US - Spojené státy americké
http://linked.open...ontrolniKodProRIV	[17FA71E3039B]
http://linked.open...i/riv/nazevZdroje	Journal of Comparative Economics
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...vavai/riv/projekt	Center of Advanced Political Economy Research
http://linked.open...UplatneniVysledku	2011
http://linked.open...v/svazekPeriodika	39
http://linked.open...iv/tvurceVysledku	Žigić, Krešimir
http://linked.open...ain/vavai/riv/wos	000299064700006
http://linked.open...n/vavai/riv/zamer	Economic Aspects of EU and EMU Entry
issn	0147-5967
number of pages	24 (xsd:int)
http://bibframe.org/vocab/doi	10.1016/j.jce.2011.03.006
is http://linked.open...avai/riv/vysledek of	Does a 'non-committed' government always generate lower social welfare than its 'committed' counterpart? Strategic trade policy when consumer surplus matters

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