data on tariffs and trade covering 130 countries. We show that regionalism has delivered limited effective liberalization …

. We calibrate such a model to China's trade with the rest of the world and explore two country tariff games using 2005 …

country's relative size or relative average productivity. Furthermore, in the two-country Nash equilibrium, tariffs turn out … to be strategic substitutes. Small or poor economies set lower Nash tariffs than large or rich ones. Lower transportation … costs or smaller fixed market entry costs induce higher equilibrium tariffs and larger welfare losses relative to the case …

WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs … from the real options literature; doing so we highlight the important role of bound tariffs at the extensive margin of … trade. We find that bound tariffs are more effective with higher risk destination markets, that a large binding overhang may …

Historically, tariffs have been an attractive policy tool to protect domestic industries. The benefits of such a policy …

Carbon tariffs are one prominently discussed climate policy. The proponents stress the carbon tariffs' ability to … restore competitiveness, avoid carbon leakage, and reduce world carbon emissions. We analyze the effects of carbon tariffs on … trade, welfare, and carbon emissions in a structural gravity model. We find that the introduction of carbon tariffs reduces …