This paper shows that agricultural policies can be used strategically to influence oligopolistic competition among big agricultural producers and traders. Collusion is not an equilibrium in finitely repeated games. If infinitely repeated, the cooperative equilibium implies a lower but still positive level of protection.[...]
The External Impact of the New CAP: An assessment in terms of strategic trade policy
PASSARELLI, Francesco
1996-01-01
Abstract
This paper shows that agricultural policies can be used strategically to influence oligopolistic competition among big agricultural producers and traders. Collusion is not an equilibrium in finitely repeated games. If infinitely repeated, the cooperative equilibium implies a lower but still positive level of protection.[...]File in questo prodotto:
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