Tariff Wars and Trade Deals with Costly Government
The authors study a simple model of tariff wars and trade deals in which government revenue collection and disbursement uses resources. The introduction of costly governments leads to lower non-cooperative tariffs, the possibility that a less costly government may win a tariff war, and fully cooperative trade deals where countries lower tariffs but do not eliminate them, even with lump-sum taxes and transfers. Copyright Blackwell Publishing Ltd 2004.
Year of publication: |
2004
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Authors: | Burbidge, John ; Myers, Gordon |
Published in: |
Review of International Economics. - Wiley Blackwell, ISSN 0965-7576. - Vol. 12.2004, 3, p. 543-549
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Publisher: |
Wiley Blackwell |
Saved in:
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