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- W1612101552 abstract "The international harmonization of competition policies is widely perceived as a prime area for international policy discussion. We demonstrate that this harmonization, unlike a general tariff reduction, cannot be guided by the principle of reciprocity. Towards this end, we build a two-country partial equilibrium model with non-tradable service sectors. The governments play a game in which they choose the degrees of competition in their respective service sectors. In a Nash equilibrium, one country chooses the perfectly competitive policy whereas the other country chooses an imperfectly competitive policy. This equilibrium cannot be transformed into the first-best state by the principle of reciprocity." @default.
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- W1612101552 date "2011-02-15" @default.
- W1612101552 modified "2023-09-28" @default.
- W1612101552 title "Fundamental difficulty underlying international harmonization of competition policies" @default.
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- W1612101552 doi "https://doi.org/10.1111/j.1742-7363.2010.00154.x" @default.
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