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Non-Paternalistic Foundation of Sugar Taxation and Missing Markets for Sugar Content

Eichner, Thomas; Runkel, Marco - 2022

previously used to justify such taxation and, instead, emphasize that neither explicit nor implicit markets and prices for sugar … content can be expected to emerge. Hence, in the absence of any regulation, the sugar content of sugar-sweetened beverages … (SSBs) would be ineﬃciently high. This market failure can be corrected by a tax on the sugar content per unit of the SSB …

Persistent link: https://www.econbiz.de/10013300862

The Not-So-Generalized Effects of the Generalized System of Preferences

Ornelas, Emanuel; Ritel, Marcos - 2018

We use an empirical gravity equation approach to study how nonreciprocal trade preferences (NRTPs), enacted mainly through the Generalized System of Preferences, affect the exports of the beneficiary nations. In line with existing studies, the average trade effect stemming from nonreciprocal...

Persistent link: https://www.econbiz.de/10011932054

The Role of Non-Discrimination in a World of Discriminatory Preferential Trade Agreements

Saggi, Kamal - 2020

In a three-country model of endogenous trade agreements, we study the implications of the Most Favored Nation Clause (MFN) when countries are free to form discriminatory preferential trade agreements (PTAs). While PTA members discriminate against non-member countries, MFN requires non-members to...

Persistent link: https://www.econbiz.de/10012839848

Preferential Trade Agreements and Global Sourcing

Ornelas, Emanuel - 2019

We study how a preferential trade agreement (PTA) affects international sourcing decisions, aggregate productivity and welfare under incomplete contracting and endogenous matching. Contract incompleteness implies underinvestment. That inefficiency is mitigated by a PTA, because the agreement...

Persistent link: https://www.econbiz.de/10012892256

Preferential Trade Liberalization with Endogenous Cartel Discipline : Implications for Welfare and Optimal Trade Policies

Agnosteva, Delina - 2020

We consider an international cartel whose members interact repeatedly in their own as well as in third-country segmented markets. Cartel discipline-an inverse measure of the degree of competition between firms-is endogenously determined by the cartel's incentive compatibility constraint (ICC),...

Persistent link: https://www.econbiz.de/10012822505

Rules of Origin and Market Power

Chung, Wanyu - 2020

We study how domestic content requirements in Free Trade Areas (FTAs) affect market power and market structure in concentrated intermediate goods markets. We show that content requirements increase oligopolistic markups beyond the level that would obtain under an equivalent import tariff, and we...

Persistent link: https://www.econbiz.de/10012824587

Are Trade Preferences a Panacea? The African Growth and Opportunity Act and African Exports

Fernandes, Ana M. - 2019

Does "infant industry" preferential access durably boost export performance?Â This paper exploits significant trade policy changes in the United States (US) to address this question. The expansion of Generalized System of Preferences (GSP) products for less developed countries in 1997 and the...

Persistent link: https://www.econbiz.de/10012866374

Tariff Bindings and the Dynamic Formation of Preferential Trade Agreements

Lake, James - 2019

We show that multilateral tariff binding liberalization substantially impacts the nature and extent of Preferential Trade Agreement (PTA) formation. First, it shapes the nature of forces constraining expansion of Free Trade Agreements (FTAs). The constraining force is a free riding incentive of...

Persistent link: https://www.econbiz.de/10012866805

Intra-Bloc Tariffs and Preferential Margins in Trade Agreements

Ornelas, Emanuel; Tovar, Patricia - 2021

We study, theoretically and empirically, how countries choose intra-bloc tariffs and preferential margins when they form Preferential Trade Agreements (PTAs). Our model indicates that countries should set systematically lower preferential margins when the bloc takes the form of a free trade area...

Persistent link: https://www.econbiz.de/10013215677

Trade Policy Along the Global Value Chain : A Rationale for the Existence of Deep Trade Agreements

Egger, Hartmut; Fischer-Thöne, Christian - 2022

This paper sets up a model of trade, in which two countries with differing levels of technology specialize in the production of sub-stages of the global value chain. In the open economy, the technologically backward country exports intermediates in exchange for imports of a homogeneous...

Persistent link: https://www.econbiz.de/10014240317

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