Gros, Daniel; Egenhofer, Christian - In: Climate Policy 11 (2011) 5, pp. 1262-1268
What is the macro-economic case for border measures? A central tenet of economics is that the imposition of a border tax (a tariff) will always reduce global welfare. This holds even in the untypical case that a tariff increases the welfare of the country that imposes it. However, the existence...