McCalman, Phillip; Stähler, Frank; Willmann, Gerald - 2021
contingent trade policy on efficiency grounds. Contingent trade policy that seeks to maximize global welfare can avoid the … potential inefficiency. National governments, on the other hand, make excessive use of contingent trade policy due to rent … laissez-faire case. In general, there is no clear ranking between the laissez-faire outcome and a contingent national trade …