000012609 001__ 12609
000012609 005__ 20170823194713.0
000012609 037__ $$a1800-2016-142314
000012609 041__ $$aen
000012609 245__ $$aEvidence on Imperfect Competition and Strategic Trade Theory
000012609 260__ $$c2006
000012609 269__ $$a2006
000012609 270__ $$mkwstiegert@wisc.edu$$pStiegert,   Kyle W.
000012609 300__ $$a33
000012609 336__ $$aWorking or Discussion Paper
000012609 446__ $$aEnglish
000012609 490__ $$aStaff Paper Series No. 498
000012609 520__ $$aStrategic trade theory shows that government intervention in markets with small numbers of traders can boost the welfare of a country relative to free trade. This survey critically assesses the empirical evidence regarding this possibility. One finding is that while many international food and agricultural markets are characterized by oligopoly, price-cost markups tend to be small, and the potential gains from intervention are modest at best. In turn, existing government interventions such as agricultural export subsidies are generally not optimal in a strategic trade sense. The evidence suggests that oligopoly by itself is not a sufficient rationale for deviating from free trade in international markets.
000012609 650__ $$aIndustrial Organization
000012609 700__ $$aReimer, Jeffrey J.
000012609 700__ $$aStiegert, Kyle W.
000012609 8564_ $$s104240$$uhttp://ageconsearch.umn.edu/record/12609/files/stpap498.pdf
000012609 887__ $$ahttp://purl.umn.edu/12609
000012609 909CO $$ooai:ageconsearch.umn.edu:12609$$qGLOBAL_SET
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  Previous issue date: 2006
000012609 982__ $$gUniversity of Wisconsin-Madison>Department of Agricultural and Applied Economics>Staff Papers
000012609 980__ $$a1800