Trade, Growth and Increasing Returns to Infrastructure: The Role of the Sophisticated Monopolist
We consider a model of international trade with increasing returns in a non-traded input into industry, infrastructure, and show that the nature of equilibrium depends crucially on whether the infrastructure provider acts in a naïve manner – akin to a Level 1 agent in a cognitive hierarchy (C-H) mod...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2005
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/861 https://ink.library.smu.edu.sg/context/soe_research/article/1860/viewcontent/trade.pdf |
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| Institution: | Singapore Management University |
| Language: | English |