Cournot Tariff Model with 3 Firms
Cournot Tariff Model with 3 Firms
Release Date: May 21, 2019
This variant includes three firms serving a highly concentrated domestic market. Firms maximize profits in a Cournot-style competition. The model can simulate the effects of a tariff change on prices, quantities, and profits in the market.
Model Details: Tags:
Imperfect Competition
Tariff
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Recommended Citations:
| Riker, D. and Schreiber S. (2020). Structural Equations for PE Models in Group 2 (Imperfect Competition). U.S. International Trade Commission. Trade Policy PE Modeling Portal. |