Broda, Christian; Limao, Nuno; Weinstein, David E. - In: American Economic Review 98 (2008) 5, pp. 2032-65
We find that prior to World Trade Organization membership, countries set import tariffs 9 percentage points higher on inelastically supplied imports relative to those supplied elastically. The magnitude of this effect is similar to the size of average tariffs in these countries, and market power...