国际经济学课件(福建厦门大学陈涛)英文.ppt

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Slide 11-* Copyright ? 2003 Pearson Education, Inc. Airbus Boeing 20 -5 0 0 0 100 0 125 Don’t produce A subsidy of 25 to Airbus given by Europe results in A=125, B=0. Table 11-2: Effects of a Subsidy to Airbus Sophisticated Arguments for Activist Trade Policy Produce Produce Don’t produce Slide 11-* Copyright ? 2003 Pearson Education, Inc. Problems with the Brander-Spencer Analysis Insufficient information to use the theory effectively The exact payoffs of the firms cannot easily be obtained. Industries in isolation A policy that succeeds in giving U.S. firms a strategic advantage in one industry will tend to cause strategic disadvantage elsewhere. Foreign retaliation Strategic policies are beggar-thy-neighbor policies that increase our welfare at other countries’ expense. Sophisticated Arguments for Activist Trade Policy Slide 11-* Copyright ? 2003 Pearson Education, Inc. Airbus Boeing -20 5 0 0 0 125 0 100 Don’t produce Equilibrium outcome is A=0 and B=125; Boeing produces and Airbus does not. Sophisticated Arguments for Activist Trade Policy Table 11-3: Two-Firm Competition: An Alternative Case Produce Produce Don’t produce Slide 11-* Copyright ? 2003 Pearson Education, Inc. Airbus Boeing 5 5 0 0 0 125 0 125 Don’t produce A subsidy of 25 to Airbus given by Europe results in A=5, B=5. Sophisticated Arguments for Activist Trade Policy Table 11-4: Effects of a Subsidy to Airbus Produce Produce Don’t produce Slide 11-* Copyright ? 2003 Pearson Education, Inc. Globalization and Low-Wage Labor Th