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Upstream privatization and downstream licensing 上游私有化和下游许可
IF 0.5 4区 经济学
International Journal of Economic Theory Pub Date : 2022-02-28 DOI: 10.1111/ijet.12341
Yi Liu, Leonard F.S. Wang, Chenhang Zeng
{"title":"Upstream privatization and downstream licensing","authors":"Yi Liu,&nbsp;Leonard F.S. Wang,&nbsp;Chenhang Zeng","doi":"10.1111/ijet.12341","DOIUrl":"10.1111/ijet.12341","url":null,"abstract":"<p>This study attempts to investigate the impact of downstream foreign licensing on upstream privatization policy in a vertically related market, in which a public firm and a domestic private firm supply exclusively to downstream domestic and foreign firms, respectively. We show that downstream licensing occurs when the cost differential between downstream duopolists is small, and the optimal strategy under licensing is upstream partial privatization. In addition, downstream foreign licensing facilitates upstream privatization. We further show that downstream licensing improves (reduces) local welfare when the cost differential is large (small).</p>","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"19 1","pages":"148-165"},"PeriodicalIF":0.5,"publicationDate":"2022-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42909623","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
To make or to buy from a common supplier? Strategic considerations and welfare consequences 制造还是从一个共同的供应商那里购买?战略考虑和福利后果
IF 0.5 4区 经济学
International Journal of Economic Theory Pub Date : 2022-02-13 DOI: 10.1111/ijet.12334
Wei-Jen Wen, Wen-Chieh Lee, Chung-Yen Lo
{"title":"To make or to buy from a common supplier? Strategic considerations and welfare consequences","authors":"Wei-Jen Wen,&nbsp;Wen-Chieh Lee,&nbsp;Chung-Yen Lo","doi":"10.1111/ijet.12334","DOIUrl":"10.1111/ijet.12334","url":null,"abstract":"<p>Consider two downstream firms that each can either produce an input in-house or purchase it from an upstream supplier. We show that depending on the difference between the supplier's and the downstream firms' in-house production costs, outsourcing by both firms could help them achieve a Pareto improvement or leave them trapped in a prisoner's dilemma. Furthermore, we find that two downstream firms may play a chicken game in which each makes a sourcing decision different from its rival if the input supplier is not as efficient as in the previous cases. The welfare implications of various sourcing outcomes are explored.</p>","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"19 1","pages":"39-61"},"PeriodicalIF":0.5,"publicationDate":"2022-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42548182","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Issue Information: International Journal of Economic Theory 1/2022 期刊信息:International Journal of Economic Theory 1/2022
IF 0.5 4区 经济学
International Journal of Economic Theory Pub Date : 2022-02-10 DOI: 10.1111/ijet.12312
{"title":"Issue Information: International Journal of Economic Theory 1/2022","authors":"","doi":"10.1111/ijet.12312","DOIUrl":"https://doi.org/10.1111/ijet.12312","url":null,"abstract":"","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"18 1","pages":"1-2"},"PeriodicalIF":0.5,"publicationDate":"2022-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ijet.12312","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137507329","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Introduction to the special issue in honor of William Thomson 介绍纪念威廉·汤姆森的特刊
IF 0.5 4区 经济学
International Journal of Economic Theory Pub Date : 2022-02-04 DOI: 10.1111/ijet.12338
Youngsub Chun, Kazuo Nishimura, Makoto Yano
{"title":"Introduction to the special issue in honor of William Thomson","authors":"Youngsub Chun,&nbsp;Kazuo Nishimura,&nbsp;Makoto Yano","doi":"10.1111/ijet.12338","DOIUrl":"https://doi.org/10.1111/ijet.12338","url":null,"abstract":"","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"18 1","pages":"3-5"},"PeriodicalIF":0.5,"publicationDate":"2022-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137794880","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
What role should public firms play in the upstream market? 上市公司在上游市场应该扮演什么角色？
IF 0.5 4区 经济学
International Journal of Economic Theory Pub Date : 2022-02-02 DOI: 10.1111/ijet.12337
Yongfu Liang, Leonard F. S. Wang, Yapo Yang
{"title":"What role should public firms play in the upstream market?","authors":"Yongfu Liang,&nbsp;Leonard F. S. Wang,&nbsp;Yapo Yang","doi":"10.1111/ijet.12337","DOIUrl":"10.1111/ijet.12337","url":null,"abstract":"<p>We investigate the upstream public firm's desirable option of production timing in the vertically related upstream market. We find that multiple equilibria may exist, including the Cournot-type and Stackelberg-type, with different degrees of privatization in the presence of upstream firms' efficiency gap. These equilibrium outcomes are also influenced by the intensity of downstream market competition. We further show the corresponding optimal degree of privatization in different phases of gradual privatization.</p>","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"19 1","pages":"101-117"},"PeriodicalIF":0.5,"publicationDate":"2022-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46285406","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Cournot–Bertrand comparisons under R&D competition: Output versus R&D subsidies 研发竞争下的Cournot-Bertrand比较:产出与研发补贴
IF 0.5 4区 经济学
International Journal of Economic Theory Pub Date : 2022-01-27 DOI: 10.1111/ijet.12336
Jiaqi Chen, Sang-Ho Lee
{"title":"Cournot–Bertrand comparisons under R&D competition: Output versus R&D subsidies","authors":"Jiaqi Chen,&nbsp;Sang-Ho Lee","doi":"10.1111/ijet.12336","DOIUrl":"10.1111/ijet.12336","url":null,"abstract":"<p>We compare Cournot and Bertrand competitions with R&amp;D investment under output versus R&amp;D subsidy policies. We demonstrate that Cournot firms invest more (less) in R&amp;D and the government grants more (less) subsidies than for Bertrand firms with output (R&amp;D) subsidies. We also find that both competition modes yield the same welfare with output subsidy, while Bertrand yields higher welfare than Cournot with R&amp;D subsidy. Finally, firms' profits and welfare in Cournot are higher under output subsidies, while they can be higher in Bertrand under R&amp;D subsidies if the product substitutability is high and the firm's R&amp;D investment is efficient.</p>","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"19 1","pages":"77-100"},"PeriodicalIF":0.5,"publicationDate":"2022-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47164940","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 7
Inward-looking policies, finite change, and employment: The capital reallocation effect 内向政策、有限变化与就业：资本再分配效应
IF 0.5 4区 经济学
International Journal of Economic Theory Pub Date : 2022-01-21 DOI: 10.1111/ijet.12335
Sugata Marjit, Kausik Gupta
{"title":"Inward-looking policies, finite change, and employment: The capital reallocation effect","authors":"Sugata Marjit,&nbsp;Kausik Gupta","doi":"10.1111/ijet.12335","DOIUrl":"https://doi.org/10.1111/ijet.12335","url":null,"abstract":"<p>It is well recognized that there emerged a trend of inward-looking trade policies even before the COVID pandemic crippled the world. These were reflected in both BREXIT and US-China trade conflicts. As countries become inward-oriented, usually local prices start rising. With this backdrop, this paper explores how rising local prices are likely to affect employment in the short and long runs when we accommodate for the finite change in a general equilibrium structure whereby sectors not only contract but might also close down altogether due to the capital reallocation effect following a price incentive.</p>","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"19 1","pages":"62-76"},"PeriodicalIF":0.5,"publicationDate":"2022-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50139980","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Second-language acquisition behavior and hegemonic language 第二语言习得行为与霸权语言
IF 0.5 4区 经济学
International Journal of Economic Theory Pub Date : 2022-01-19 DOI: 10.1111/ijet.12332
Kentaro Hatsumi
{"title":"Second-language acquisition behavior and hegemonic language","authors":"Kentaro Hatsumi","doi":"10.1111/ijet.12332","DOIUrl":"10.1111/ijet.12332","url":null,"abstract":"<p>We construct a game-theoretic model in which there are multiple countries with their own languages and each citizen can gain from additional communication in her secondarily acquired language. We demonstrate that in any equilibrium, a hegemonic language, which is a language that all citizens in other countries want to study, emerges. Such an equilibrium is more likely to exist if the size of the population of a country that is not the largest increases, or if the ratio of the gain from the additional communication in the second language to the cost of acquisition increases.</p>","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"19 1","pages":"3-20"},"PeriodicalIF":0.5,"publicationDate":"2022-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42667625","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Pollution in a globalized world: Are debt transfers among countries a solution? 全球化世界中的污染：各国之间的债务转移是一种解决方案吗？
IF 0.5 4区 经济学
International Journal of Economic Theory Pub Date : 2022-01-19 DOI: 10.1111/ijet.12333
Marion Davin, Mouez Fodha, Thomas Seegmuller
{"title":"Pollution in a globalized world: Are debt transfers among countries a solution?","authors":"Marion Davin,&nbsp;Mouez Fodha,&nbsp;Thomas Seegmuller","doi":"10.1111/ijet.12333","DOIUrl":"https://doi.org/10.1111/ijet.12333","url":null,"abstract":"<p>We analyze the effects of a debt relief, that is, a decrease in public debt of a low-income country financed by a high-income country, on environmental quality. Under perfect mobility of assets, the debt relief increases the overall capital stock, and environmental quality when public abatements are sufficiently efficient. Welfare in both countries can also improve. Under a weak mobility of assets, capital does no more increase in the richest country, but environmental quality can improve. This comes from a crowding-out effect of debt in the high-income country, which does no more take place when the mobility of assets is significant.</p>","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"19 1","pages":"21-38"},"PeriodicalIF":0.5,"publicationDate":"2022-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50146593","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Financial market incompleteness and international cooperation on capital controls 金融市场不完备与资本管制国际合作
IF 0.5 4区 经济学
International Journal of Economic Theory Pub Date : 2022-01-17 DOI: 10.1111/ijet.12331
Shigeto Kitano, Kenya Takaku
{"title":"Financial market incompleteness and international cooperation on capital controls","authors":"Shigeto Kitano,&nbsp;Kenya Takaku","doi":"10.1111/ijet.12331","DOIUrl":"10.1111/ijet.12331","url":null,"abstract":"<p>We examine how the degree of financial market incompleteness affects welfare gains from international cooperation on capital controls. When financial markets are incomplete, international risk sharing is disturbed. However, the optimal global policy significantly reverses the welfare deterioration due to inefficient risk sharing. We show that when financial markets are more incomplete, the welfare gap between the optimal global policy and the Nash equilibrium increases, and the welfare gains from international cooperation on capital controls then become larger.</p>","PeriodicalId":44551,"journal":{"name":"International Journal of Economic Theory","volume":"18 4","pages":"624-642"},"PeriodicalIF":0.5,"publicationDate":"2022-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ijet.12331","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43553329","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
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