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Parallel Imports
.375
Competition and
No Parallel Imports
.333
0
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1/3
1
(λ = 1/ 2)
Figure 1: Manufacturer's Overall Profit
θ
CSB
.125
Competition and
No Parallel Imports
Competition and
Parallel Imports
.0625
.028
.268
0
1/3
1
θ
WB
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Competition and
Parallel Imports
Competition and
No Parallel Imports
.1875
.139
.165
1/3
1
λ =1/ 2
Figure 2: Consumer Surplus and Welfare in B
θ
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