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Statements

Subject Item
n2:RIV%2F67985998%3A_____%2F07%3A00091163%21RIV08-AV0-67985998
rdf:type
n12:Vysledek skos:Concept
dcterms:description
The important characteristic of international competition between developed and less developed countries is vertical product differentiation, where firms' quality choices represent strategic decisions. Unlike the previous literature, we allow for a leadership in quality choice and the possibility of imitation and learning by the domestic firm. We compare both positive and normative aspects of this setup in the free trade and the strategic trade policy regime and show that the value of leadership may change dramatically when moving from free trade to trade policy. We also identify conditions under which trade policy can initiate the change in the quality ladders (known as quality reversal) and demonstrate that such a policy has a somewhat limited scope to achieve it. Thus, free trade can still be an optimal trade arrangement. Důležitou charakteristikou mezinárodního obchodu mezi rozvinutými a méně rozvinutými zeměmi je vertikální diferenciace produktů, přičemž kvalita je strategickým rozhodnutím firem. Na rozdíl od literatury uvažujeme vůdcovství ve výběru kvalit a možnost imitace. Porovnáváme kladné i normativní aspekty volného obchodu a strategického výběru obchodní politiky. Identifikujeme podmínky, při kterých obchodní politika může vést k opačnému uspořádání kvalit a ukazujeme, že taková politika na to někdy není dostačující. Proto může být i volný obchod optimálním obchodním uspořádáním. The important characteristic of international competition between developed and less developed countries is vertical product differentiation, where firms' quality choices represent strategic decisions. Unlike the previous literature, we allow for a leadership in quality choice and the possibility of imitation and learning by the domestic firm. We compare both positive and normative aspects of this setup in the free trade and the strategic trade policy regime and show that the value of leadership may change dramatically when moving from free trade to trade policy. We also identify conditions under which trade policy can initiate the change in the quality ladders (known as quality reversal) and demonstrate that such a policy has a somewhat limited scope to achieve it. Thus, free trade can still be an optimal trade arrangement.
dcterms:title
International competition in vertically differentiated markets with innovation and imitation: trade policy versus free trade International competition in vertically differentiated markets with innovation and imitation: trade policy versus free trade Mezinárodní konkurence vertikálně diferenciovaných trhů s inovací a imitací: obchodní politika versus volný obchod
skos:prefLabel
Mezinárodní konkurence vertikálně diferenciovaných trhů s inovací a imitací: obchodní politika versus volný obchod International competition in vertically differentiated markets with innovation and imitation: trade policy versus free trade International competition in vertically differentiated markets with innovation and imitation: trade policy versus free trade
skos:notation
RIV/67985998:_____/07:00091163!RIV08-AV0-67985998
n3:strany
1;51
n3:aktivita
n15:P n15:Z
n3:aktivity
P(LC542), Z(AV0Z70850503), Z(MSM0021620846)
n3:cisloPeriodika
336
n3:dodaniDat
n7:2008
n3:domaciTvurceVysledku
n9:9804218
n3:druhVysledku
n13:J
n3:duvernostUdaju
n18:S
n3:entitaPredkladatele
n8:predkladatel
n3:idSjednocenehoVysledku
427215
n3:idVysledku
RIV/67985998:_____/07:00091163
n3:jazykVysledku
n10:eng
n3:klicovaSlova
vertical differentiation; free trade; strategic trade policy
n3:klicoveSlovo
n11:free%20trade n11:strategic%20trade%20policy n11:vertical%20differentiation
n3:kodStatuVydavatele
CZ - Česká republika
n3:kontrolniKodProRIV
[14F2D28D0F27]
n3:nazevZdroje
CERGE-EI Working Paper Series
n3:obor
n16:AH
n3:pocetDomacichTvurcuVysledku
1
n3:pocetTvurcuVysledku
2
n3:projekt
n17:LC542
n3:rokUplatneniVysledku
n7:2007
n3:svazekPeriodika
-
n3:tvurceVysledku
Žigić, K. Kováč, Eugen
n3:zamer
n14:MSM0021620846 n14:AV0Z70850503
s:issn
1211-3298
s:numberOfPages
51