Trade, Growth and Increasing Returns to Infrastructure: The Role of the Sophisticated Monopolist
Equilibrium in international trade with increasing returns in infrastructure depends on whether the infrastructure provider is “naïve” or sophisticated. A monopolist produces infrastructure under decreasing cost using fixed equipment. Unlike similar work, we derive a unique closed-economy equilibriu...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2009
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/1083 https://ink.library.smu.edu.sg/context/soe_research/article/2082/viewcontent/Trade_Growth_and_Increasing_Returns_to_Infrastructure_pp.pdf |
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| Institution: | Singapore Management University |
| Language: | English |