Finally, define the “world price” of good j as pjW=pj-τj=pj∗-τj∗. I start by focusing on the noncooperative scenario. In each country, assume that government and lobbies choose trade policy (and contributions) by Nash bargaining, taking foreign trade policy as given. Given that ...
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答案:Understanding different trade terms is crucial in international trade as they define the responsibilities of each party involved in the transaction. They affect the risk and profit margins by determining who bears the costs and risks associated with the shipment of goods. For instance, under an...
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