Showing 1 - 10 of 355
I examine Ronald Coase's criticism of standard regulatory and tax policies to address environmental externalities. I … for the costs of political bargaining and lobbying that arise from implementing and administering government regulation …
Persistent link: https://www.econbiz.de/10013000533
In democracies, trade policy is the result of interactions among many agents with different agendas. In accordance with this observation, we construct a dynamic model of legislative trade policy-making in the realm of distributive politics. An economy consists of different sectors, each of which...
Persistent link: https://www.econbiz.de/10013121949
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
investigates empirically the consequences of lobbying competition between upstream and downstream producers for trade policy. The … with lobbying competition. Importantly, accounting for lobbying competition also alters substantially estimates of the …
Persistent link: https://www.econbiz.de/10013217953
This paper examines voting by members of Congress on three trade bills introduced in 1993 and 1994: the North American Free Trade Agreement (NAFTA), the agreements concluded in the Uruguay Round of multilateral trade negotiations (GATT), and most-favored nation status for China. We first review...
Persistent link: https://www.econbiz.de/10013224935
Using the menu-auction approach to endogenous determination of tariffs and allowing additionally for lobby formation itself to be endogenous, this paper analyzes the impact of unilateral trade liberalization by one country on its partner's trade policies. We find that such unilateral...
Persistent link: https://www.econbiz.de/10013231406
Chile has become a model for reforming economies throughout the world. The purpose of this paper is to analyze the political and economic circumstances surrounding Chile's unilateral trade liberalization during five stages (covering the period 1974-1990s),each being characterized by different...
Persistent link: https://www.econbiz.de/10013233003
This paper shows how unilateral liberalization in one country can increase the voting support for reciprocal reduction in trade barriers in a partner country. When trade policies are determined simultaneously in the two countries, we show the possibility of multiple political equilibria -...
Persistent link: https://www.econbiz.de/10013249261
Much economic policy is deliberately shifted away from direct political processes to administrative processes --- political pressure deflection. Pressure deflection poses a puzzle to standard political economy models which suggest that having policies to `sell' is valuable to politicians. The...
Persistent link: https://www.econbiz.de/10014072173
In popular discussion much has been made recently of the susceptibility of government policies to lobbying by … fact be harmful: If the policy outcome absent any lobbying by foreigners is characterized by welfare-reducing trade … barriers, lobbying by foreigners may result in reductions in such barriers and raise consumer surplus (and possibly improve …
Persistent link: https://www.econbiz.de/10013227061