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In this paper we consider a home government with political pressure to restrict trade, at the expense of foreigners. The foreign country is compensated with an income transfer, which can be thought of as a portion of the tariff revenues or quota rents. In this setting the two countries should...
Persistent link: https://www.econbiz.de/10012760276
things: (1) that incomes per capita diverged more around the world after 1800 than before; (2) that the source of this …
Persistent link: https://www.econbiz.de/10013221862