Bagwell, Kyle (contributor); Staiger, Robert W. (contributor) - 2002 - [Elektronische Ressource]
imports of y and exports of
x as M
∗
y
(p
∗
(τ
∗
,p
w
),p
w
) and E
∗
x
(p
∗
(τ
∗
,p
w
),p
w
), respectively. For any world … symmetry theorem, trade taxes and subsidies can be equivalently depicted
as applying to exports or imports in this two …
(p
∗
,R
∗
(p
∗
,p
w
)).
We next introduce notation for imports and exports, so that the trade balance
and equilibrium …