The Competitive Impact of International Trade: The Case of Import Liberalization of the Japanese Oil Product Market☆
The Competitive Impact of International Trade: The Case of Import Liberalization of the Japanese Oil Product Market☆
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国际贸易的竞争影响：以日本成品油市场进口自由化为例☆
DOI：
10.1006/jjie.1999.0432
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发表时间：
1999
影响因子：
2.9
通讯作者：
F. Kimura
中科院分区：
文献类型：
--
作者：
Sadao Nagaoka;F. Kimura
本文分析了近期日本成品油市场进口自由化的竞争影响。为了应对1996年3月的进口自由化，不仅汽油市场价格大幅下降，而且国内产量持续上升，相对于进口并未下降。此外，在进口实际自由化之前，其价格大幅下降。本文从理论和实证两个方面论证了隐性卡特尔理论能够很好地解释进口自由化影响的这些特征。该文件还确定了这种自由化的显著积极福利影响，这是因为在一个价格和成本之间存在巨大税收楔子的市场中扩大了供应，而且可能更重要的是，由于竞争行为从非生产性投资转变为卡特尔租金转移到降价。J.日本。内部《经济学》，1999年12月，13(4)页，第397-423页。一桥大学和庆应义乌大学。版权所有1999年学术出版社。《经济文献杂志》分类号：L40、F12、K21。
Abstract This paper analyzes the competitive impact of the recent import liberalization of the Japanese oil product market. In response to the import liberalization in March 1996, not only did the market price of gasoline decline sharply but also its domestic production kept rising and did not decline relative to imports. Moreover, its price fell substantially before the actual liberalization of the import. This paper demonstrates both theoretically and empirically that the theory of implicit cartel can explain such features of the impact of import liberalization very well. The paper also identifies the significantly positive welfare impact of such liberalization due to the expansion of supply in a market with a large tax wedge between price and cost and, possibly more importantly, due to the transformation of competitive conduct from unproductive investment for cartel-rent shifting into price cuts. J. Japan. Int. Econ., December 1999, 13(4), pp. 397–423. Hitotsubashi University; and Keio University. Copyright 1999 Academic Press. Journal of Economic Literature Classification Numbers: L40, F12, K21.