Does a 'non-committed' government always generate lower social welfare than its 'committed' counterpart? Strategic trade policy when consumer surplus matters

► The home market or intra-industry setups are at least as relevant as the third market setup. ► In both of these two setups the government full commitment may not be the best arrangement from the social welfare point of view. ► The reason for this might be the presence of R&D spillovers and consumer surplus in social welfare consideration.