| Issue |
SHS Web of Conf.
Volume 164, 2023
11th International Scientific and Practical Conference “Current Issues of Linguistics and Didactics: The Interdisciplinary Approach in Humanities and Social Sciences” (CILDIAH-2022)
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|---|---|---|
| Article Number | 00107 | |
| Number of page(s) | 6 | |
| DOI | https://doi.org/10.1051/shsconf/202316400107 | |
| Published online | 11 May 2023 | |
Two-part trade policy in the reciprocal market model
Sofia Kovalevskaya Northwestern Center for Mathematical Research, Pskov State University, 2, Lenin sq., Pskov, 180000, Russian Federation
* Corresponding author: melnik@pskgu.ru
This paper is devoted to the study of two-part trade policy for two countries, two markets, producers under imperfect competition, where the standard arguments of free trade are not applicable. The basic model is a two-step game with complete but imperfect information. The optimal policy of the government is analyzed in terms of the goals of maximizing the national welfare. This policy dominates over a simple quota and a simple tariff, which are its special cases. At the same time, the optimal two-part trade policy of governments that maximize national wealth is a subsidy.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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