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There are three economies, H, F and the rest of the world (ROW). All assumptions and notations are the same as these in our lecture

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There are three economies, H, F and the rest of the world (ROW). All assumptions and notations are the same as these in our lecture notes. Import Demand from the ROW: P = 50 x - y MC = ATC = 15 Case #1: Bilateral subsidies (ES. ES], that is. each firm receives an export subsidy (ES) from its own government. The Nash equilibrium level of subsidies is 534 = sF =

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