In this paper, the authors examine the economic consequences of existing U.S. restrictions on trade in domestic water transportation (cabotage) services. They briefly trace the history of U.S. policy on cabotage. The authors also use an applied general equilibrium model of the United States to...

Elasticities of substitution among U.S. imports from Mexico, Canada, the rest of the world, and competing domestic production are estimated for twenty-two mining and manufacturing sectors, based on quarterly data for 1980-88. These elasticities will provide a benchmark for computable general...

The authors demonstrate how coordinated trade and environmental policy can achieve efficiency and pollution mitigation gains superior to those obtained without such coordination. They show how trade and environment linkages give rise to complex second-best policy issues and derive optimal...