Publication: Journal of Economic Education
Volume: Volume 23, No. 4
Issue: Fall 1992
Pages: pp. 333-339
Author(s): Steven Beckman
Address (Principal Author):
Title: The Surprising Arithmetic of Imperfectly Competitive Trade Theory
Abstract: Should imported oil be subjected to a tariff? Should governments subsidize a home firm in competition with a foreign Cournot duopolist? Recent contributions to these issues are summarized, and simple numerical examples illustrate that even the direction of appropriate policy is sensitive to small changes in the curvature of demand.