Endogenous Vertical Restraints in International Trade
Endogenous Vertical Restraints in International Trade
复制标题
国际贸易的内生纵向限制
DOI:
10.1016/j.euroecorev.2004.07.001
复制
发表时间:
2000
期刊:
影响因子:
--
通讯作者:
Nicolas Schmitt
中科院分区:
文献类型:
--
作者:
H. Raff;Nicolas Schmitt
This paper examines interbrand competition between a domestic and a foreign manufacturer who market their products through intermediaries. The contracts manufacturers offer these intermediaries are endogenous. In equilibrium contracts may specify exclusive territories (ET), depending on the degree of substitutability between products and the level and degree of transparency of trade barriers. Trade liberalization, through lower or more transparent barriers, may lead manufacturers to use ET, thereby substituting private anti-competitive arrangements for government-imposed barriers. This substitution may decrease competition and welfare, and thus create a role for competition policy in a freer trade environment.