학술저널
Strategic Export Subsidies under a Budget Constraint
Strategic Export Subsidies under a Budget Constraint: Ad Va l o rem versus Specific
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제12권 제1호
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1997.0387 - 98 (12 pages)
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This note shows that in the Brander-Spencer model of export subsidy, if there is no cost of financing subsidies, either a specific export subsidy or an ad valorem export subsidy can be used to achieve the same maximum welfare level. If, however, there is a binding budget constraint, a specific subsidy dominates an ad valorem subsidy. (JEL Classification: F13)
Ⅰ. Introduction
Ⅱ. The Model
Ⅲ. Welfare Comparison
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