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Analysis of Influence of Monopoly Power on Optimal Export Level Using Genetic Algorithm  

Song, Jeong-Seok (Department of International Trade, College of Social Sciences, Chung-Ang University)
Park, You-Jin (Department of Business Administration, College of Social Sciences, Chung-Ang University)
Publication Information
Journal of Korean Society of Industrial and Systems Engineering / v.32, no.2, 2009 , pp. 158-170 More about this Journal
Abstract
This paper considers how the optimal export level is influenced by export risk, the degree of risk-averseness for exporting firms, and those firms' cost structure. In addition, export insurance is incorporated into some simple theoretical model to analyze the optimal export level. This paper applies genetic algorithm simulation to show that the exporting firms'risk-averseness do not affect the optimal export decision while export risk and cost function characteristic have relatively more significant effects on the optimal export level. Finally, our findings suggest that the most influential factor for the optimal export levels seems to be the monopoly power of exporting firms.
Keywords
Optimal Export Level; Export Risk; Export Insurance; Risk-Averseness; Cost Structure; Monopoly Power; Genetic Algorithm;
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