Strategic Trade Policy Under Incomplete Information
研究企业比政府更了解行业盈利情况时的均衡贸易政策，发现信息不对称可能加剧贸易政策扭曲和政府间的囚徒困境。
This paper examines equilibrium trade policies when firms have better information than governments about the profitability of the industry. Contrary to the intuition that the policymakers' lack of information should reduce their incentives to engage in strategic trade intervention, the analysis suggests that information asymmetries may increase trade policy distortions in equilibrium and ultimately worsen the “prisoner's dilemma” between governments.