We show in a multi-sector, heterogeneous-firm trade model that the effect of tariffs on entry, especially in the … MFN tariffs (the Uruguay Round), with two-thirds of the remainder due to preferential trade agreements and one third due … countries – would have benefited from going beyond free trade to subsidizing their imports in 1990, since their optimal tariffs …

literature predicting nonequivalent effects of tariffs and quotas on domestic firms' market power. Robust to a variety of …

tariffs. Since the eruption of the debt crisis, many proposals for structural reforms in the developing countries have …

sectoral heterogeneity, intermediate goods and sectoral linkages for the quantification of the welfare gains from tariffs …

unilateral climate policies. Embodied carbon tariffs tax the direct and indirect carbon emissions embodied in imported goods. The …, carbon tariffs could substantially extend the reach of OECD climate policies. We investigate this claim by simulating the … effects of embodied carbon tariffs with a computable general equilibrium model of global trade and energy use. We find that …

The paper examines a simple model in which exogenous political risk creates uncertainty about tariffs. The model … predicts a relation between consumption and tariffs that differs radically from that implied by models without asset markets or … political risk. Given the probability distribution of tariffs, domestic consumption and utility (ex post) are lower in states of …