Brainard, S. Lael; Martimort, David - 2021
requirements are high, and unlikely to be met in practice. This paper investigates the implications of incomplete information for a … simple, rent-shifting trade policy of the type proposed in Brander-Spencer (1985). We find that asymmetric information …, given a zero-profit participation constraint. Second, in contrast to the full-information case with strategic substitutes …