Quality in open markets: The sumo conjecture (notice n° 546296)
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| fixed length control field | 02575cam a2200277 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121114024.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Bernard, Christophe |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Quality in open markets: The sumo conjecture |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2018.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 57 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The spectacular growth in China’s export volume over the past two decades has resulted in a sharp increase in the global market share of these products. This situation has significantly affected the industrial structure of developed countries. Facing strong competitive pressure, many sectors in the EU and the USA (e.g., textiles, toys, steel, aluminum, photovoltaic cells) have seen significant portions of their traditional production disappear. This rapid emergence of a developing country as a major player in international trade is unprecedented, and the comparative cost advantage of China in many areas cannot be the unique explanation. In this paper, we identify major reasons for this situation. Using a theoretical model of industrial organization applied to international trade, we investigate the effects of the entry of a large emerging country in the global market. The firms’ strategies are the quality and quantity of the produced good in a framework of bilateral trade. In each country, we adopt a representative firm for each industry. We consider a sequential game framework in which the emerging country firm plays first in quality and quantity. We show that choosing a lower quality allows the firm from the large emerging country to enter and settle in the market of the other country. We study the conditions under which this may lead to a less diversified offer and lower quality for consumers. The likelihood of this strategy’s success, which we call “sumo,” increases with the size of the emerging country and decreases with the difference in willingness to pay for quality among consumers in both countries. JEL Codes: F10, F12, F14, C72, L13. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | quality |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | international trade |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | industrial organization |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | North-South competition |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | country size |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | sequential game |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Calmette, Marie-Françoise |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Kilkenny, Maureen |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Loustalan, Catherine |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Péchoux, Isabelle |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue économique | 69 | 2 | 2018-02-23 | p. 197-224 | 0035-2764 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-economique-2018-2-page-197?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-economique-2018-2-page-197?lang=en&redirect-ssocas=7080</a> |
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