Inefficient trade patterns: Excessive trade, cross-hauling and dumping |
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Authors: | Benjamin Eden |
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Affiliation: | Vanderbilt University and The University of Haifa, United States |
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Abstract: | I study an example of a competitive environment in which trade occurs in a sequential manner. In this example, a country with a stable demand may suffer from trade with a country with unstable demand, there may be too much trade, a country may import and export the same good in the same period (cross-hauling) and dumping may occur. The timing of delivery is important. When delivery occurs before trade (delivery to stocks), trade improves welfare, there is dumping but no cross-hauling. When delivery occurs after trade (delivery to order), trade may reduce welfare and cross-hauling may occur. |
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Keywords: | Demand uncertainty Sequential trade Cross-hauling Dumping Excessive trade |
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