How Long to Read International Vertical Specialization, Imperfect Competition and Welfare

How Long Does it Take to Read International Vertical Specialization, Imperfect Competition and Welfare?

It takes the average reader and 21 minutes to read International Vertical Specialization, Imperfect Competition and Welfare by Jacques Olivier

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper looks at the impact of international vertical specialization when the final good industry is imperfectly competitive. Final goods are assembled out of different fragments. In the absence international vertical specialization all fragments required to produce a given final good must be produced in the same country. International vertical specialization unambiguously reduces the costs of production of all final good producers, albeit not necessarily in the same proportion. If the cost of production of a less efficient producer is reduced to a lesser extent than that of a more efficient producer, vertical specialization may lead to exit in the final good industry. This anti-competitive effect may be strong enough that international vertical specialization leads to a Pareto inferior outcome. On the other hand, we can characterize two sets of policies, which, combined with vertical specialization, are Pareto improving compared to autarky regardless of consumer preferences and of the form of competition in the final good industry.

How long is International Vertical Specialization, Imperfect Competition and Welfare?

International Vertical Specialization, Imperfect Competition and Welfare by Jacques Olivier is 21 pages long, and a total of 5,271 words.

This makes it 7% the length of the average book. It also has 6% more words than the average book.

How Long Does it Take to Read International Vertical Specialization, Imperfect Competition and Welfare Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 28 minutes to read International Vertical Specialization, Imperfect Competition and Welfare aloud.

What Reading Level is International Vertical Specialization, Imperfect Competition and Welfare?

International Vertical Specialization, Imperfect Competition and Welfare is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy International Vertical Specialization, Imperfect Competition and Welfare?

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