The Price Undertaking Agreement is one of the strategies a company accused of dumping often adopts in dealing with anti-dumping disputes.Using static game analysis,this paper compares the impact that anti-dumping duti...The Price Undertaking Agreement is one of the strategies a company accused of dumping often adopts in dealing with anti-dumping disputes.Using static game analysis,this paper compares the impact that anti-dumping duties and price undertaking agreements may have on an importing country's social welfare and an accused company's market performance.We conclude that,compared with anti-dumping duties,price undertakings improve the importing country's social welfare and reduce the accused company's market share in the import country.We also note that,in addition to the financial benefit,price undertakings can prevent escalation of trade disputes in international trade negotiations.展开更多
As a result of the fact that the stabilization program put into force in 1978 and 1979 in the Economy of Turkey could not be efficiently implemented due to the political instability and weak governments, a need to dra...As a result of the fact that the stabilization program put into force in 1978 and 1979 in the Economy of Turkey could not be efficiently implemented due to the political instability and weak governments, a need to draft a new stabilization program emerged. The stabilization program of January 24th, 1980 was prepared in this environment. This is a program which includes the structural transformations in the long term as well as the aims foreseen to be realized in the short term. The program adopted the implementation of significant changes in the structure of the economy and the price mechanism in the market which becomes the only guide as the basic principle. The difference from the previous programs is an economic development program intending to provide a very permanent and structural change in the economy rather than to realize the short-term goals. With the decisions, a large devaluation was implemented, the exchange rate policy and importation were liberated, foreign capital and exportation were encouraged, the subsidies with the exception of energy, fertilizer, and transportation were removed, restrictions were imposed on the support purchases in agricultural products, and the overseas contracting services were supported. There are two structural objectives desired to be performed in the long term, shrinking the public sector and removing the intervention in the markets. The basic philosophy is to decrease the state intervention to the minimum level in the economy and to bring functionality to the market economy and to validate the price mechanism. In this paper, the stabilization decisions in the economy of Turkey belonging to pre- and early post-January 24th period will be comparatively analysed.展开更多
In this paper, we compare the performance of the optimal attainable payoffs (of a general claim) derived by the variance-optimal approach and the indifference argument under the mean-variance preference in an incomple...In this paper, we compare the performance of the optimal attainable payoffs (of a general claim) derived by the variance-optimal approach and the indifference argument under the mean-variance preference in an incomplete market. Both payoffs are expressed by the signed variance-optimal martingale measure. Our results are applied to the claim hedging under partial information.展开更多
文摘The Price Undertaking Agreement is one of the strategies a company accused of dumping often adopts in dealing with anti-dumping disputes.Using static game analysis,this paper compares the impact that anti-dumping duties and price undertaking agreements may have on an importing country's social welfare and an accused company's market performance.We conclude that,compared with anti-dumping duties,price undertakings improve the importing country's social welfare and reduce the accused company's market share in the import country.We also note that,in addition to the financial benefit,price undertakings can prevent escalation of trade disputes in international trade negotiations.
文摘As a result of the fact that the stabilization program put into force in 1978 and 1979 in the Economy of Turkey could not be efficiently implemented due to the political instability and weak governments, a need to draft a new stabilization program emerged. The stabilization program of January 24th, 1980 was prepared in this environment. This is a program which includes the structural transformations in the long term as well as the aims foreseen to be realized in the short term. The program adopted the implementation of significant changes in the structure of the economy and the price mechanism in the market which becomes the only guide as the basic principle. The difference from the previous programs is an economic development program intending to provide a very permanent and structural change in the economy rather than to realize the short-term goals. With the decisions, a large devaluation was implemented, the exchange rate policy and importation were liberated, foreign capital and exportation were encouraged, the subsidies with the exception of energy, fertilizer, and transportation were removed, restrictions were imposed on the support purchases in agricultural products, and the overseas contracting services were supported. There are two structural objectives desired to be performed in the long term, shrinking the public sector and removing the intervention in the markets. The basic philosophy is to decrease the state intervention to the minimum level in the economy and to bring functionality to the market economy and to validate the price mechanism. In this paper, the stabilization decisions in the economy of Turkey belonging to pre- and early post-January 24th period will be comparatively analysed.
基金This work is supported in part by National Science Fund for Distinguished Young Scholar No. 70225002.
文摘In this paper, we compare the performance of the optimal attainable payoffs (of a general claim) derived by the variance-optimal approach and the indifference argument under the mean-variance preference in an incomplete market. Both payoffs are expressed by the signed variance-optimal martingale measure. Our results are applied to the claim hedging under partial information.
