Bown, Chad P.; Crowley, Meredith A. - In: American Economic Review 103 (2013) 2, pp. 1071-90
The Bagwell and Staiger (1990) theory of cooperative trade agreements predicts new tariffs (i) increase with imports, (ii) increase with the inverse of the sum of the import demand and export supply elasticities, and (iii) decrease with the variance of imports. We find US import policy during...