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- Brander–Spencer_model abstract "The Brander–Spencer model is an economic model in international trade originally developed by James Brander and Barbara Spencer in the early 1980s. The model illustrates a situation where, under certain assumptions, a government can subsidize domestic firms to help them in their competition against foreign producers and in doing so enhances national welfare. This conclusion stands in contrast to results from most international trade models, in which government non-interference is socially optimal.The basic model is a variation on the Stackelberg–Cournot "leader and follower" duopoly game. Alternatively, the model can be portrayed in game theoretic terms as initially a game with multiple Nash equilibria, with government having the capability of affecting the payoffs to switch to a game with just one equilibrium. Although it is possible for the national government to increase a country's welfare in the model through export subsidies, the policy is of beggar thy neighbor type. This also means that if all governments simultaneously attempt to follow the policy prescription of the model, all countries would wind up worse off.The model was part of the "New Trade Theory" that was developed in the late 1970s and early 1980s, which incorporated then recent developments from literature on industrial organization into theories of international trade. In particular, like in many other New Trade Theory models, economies of scale (in this case, in the form of fixed entry costs) play an important role in the Brander–Spencer model.".
- Brander–Spencer_model thumbnail Brender_spencer.JPG?width=300.
- Brander–Spencer_model wikiPageID "26899978".
- Brander–Spencer_model wikiPageRevisionID "603739010".
- Brander–Spencer_model 1d "Stay Out".
- Brander–Spencer_model 1u "Enter".
- Brander–Spencer_model 2l "Enter".
- Brander–Spencer_model 2r "Stay Out".
- Brander–Spencer_model dl "50".
- Brander–Spencer_model dlc "#AA4466".
- Brander–Spencer_model dr "0".
- Brander–Spencer_model name "Fig. 1: Entry game with multiple equilibria".
- Brander–Spencer_model name "Fig. 2: Entry game with subsidy, single equilibrium".
- Brander–Spencer_model ul "10".
- Brander–Spencer_model ul "−10, −10".
- Brander–Spencer_model ur "500".
- Brander–Spencer_model ur "700".
- Brander–Spencer_model urc "#AA4466".
- Brander–Spencer_model subject Category:1980s_in_science.
- Brander–Spencer_model subject Category:Economics_models.
- Brander–Spencer_model subject Category:International_trade.
- Brander–Spencer_model subject Category:Mathematical_economics.
- Brander–Spencer_model comment "The Brander–Spencer model is an economic model in international trade originally developed by James Brander and Barbara Spencer in the early 1980s. The model illustrates a situation where, under certain assumptions, a government can subsidize domestic firms to help them in their competition against foreign producers and in doing so enhances national welfare.".
- Brander–Spencer_model label "Brander–Spencer model".
- Brander–Spencer_model label "Modelo Brander–Spencer".
- Brander–Spencer_model sameAs Brander%E2%80%93Spencer_model.
- Brander–Spencer_model sameAs Modelo_Brander–Spencer.
- Brander–Spencer_model sameAs Q4956683.
- Brander–Spencer_model sameAs Q4956683.
- Brander–Spencer_model wasDerivedFrom Brander–Spencer_model?oldid=603739010.
- Brander–Spencer_model depiction Brender_spencer.JPG.
