Recent quantitative trade models treat import tariffs as pure cost shifters so that their effects are similar to … iceberg trade costs. We introduce revenue-generating import tariffs, which act as demand shifters, into the framework of … quantification based on countries' observed degrees of openness, tariff revenues, and on the gravity elasticities of tariffs and …

Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to …

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 …

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

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