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- W2038443767 abstract "Abstract This paper examines the strategic behavior of two countries in a duopoly exit game with declining demand in the export market. We consider whether countries have a strategic rational to maintain, rather than unilaterally or jointly reduce, their subsidies. Conditions under which persistent subsidization is justified from a national perspective are derived. By maintaining subsidies one country can gain a strategic advantage by forcing its rival to exit earlier. An outcome where only one country applies the subsidy is not attainable. Free trade is less likely to occur close to the end of the game." @default.
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- W2038443767 date "2002-03-01" @default.
- W2038443767 modified "2023-09-23" @default.
- W2038443767 title "Persistent protection in an international exit game" @default.
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- W2038443767 doi "https://doi.org/10.1016/s0022-1996(01)00126-x" @default.
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