delayed pass-through of tariffs into import prices could cause such prolonged differential import growth. We examine how …

We study, theoretically and empirically, how countries choose intra-bloc tariffs and preferential margins when they … to a customs union (where members coordinate external tariffs). Moreover, in customs unions (but not necessarily in free …

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

non-cooperative policies within a single framework. First, we compare the elasticity of trade flows to import tariffs and … in import tariffs by 1 percentage point reduces imports by around 1.4 percent. Hence the two instruments are not …

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 …

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 …