We formalize the notion that GATT exceptions such as antidumping and escape clause actions can act as insurance for … sectors and assume incomplete markets so that agents cannot contract insurance. We show that these measures are superior to … uniform tariffs as insurance mechanisms. Moreover, we demonstrate that the optimal uniform policy may not involve a tariff at …

because the marginal tax rates, in general equilibrium, impact wages, and hence individual utility. The “progressivity” effect …

is intractable. In this note we prove this comparative static result on risk aversion and wages in general equilibrium …

start with a graphic tour through the mechanics ofgeneral equilibrium theory on trade and wages. This provides a set of …

and marketed a rainfall index insurance product across three states in India. Marketing agricultural insurance to both … find that both labor demand and equilibrium wages become more rainfall sensitive when cultivators are offered rainfall … insurance, because insurance induces cultivators to switch to riskier, higher-yield production methods. The same insurance …