Showing 1 - 10 of 42
Governments frequently intervene to support domestic industries, but a surprising amount of this support goes to ailing sectors. We explain this with a lobbying model that allows for entry and sunk costs. Specifically, policy is influenced by pressure groups that incur lobbying expenses to...
Persistent link: https://www.econbiz.de/10010884692
This paper posits a formal political economy model where the principle of reciprocity in multilateral trade talks results in the gradual elimination of tariffs. Reciprocity trade talks turn each nation’s exporters into anti-protectionists at home; they lower foreign tariffs by convincing their...
Persistent link: https://www.econbiz.de/10010928767
A simple model of offshoring is used to integrate the complex gallery of results that exist in the theoretical offshoring/fragmentation literature. The paper depicts offshoring as ‘shadow migration’ and shows that this allows straightforward derivation of the general equilibrium effects on...
Persistent link: https://www.econbiz.de/10010744894
Formal analysis of the political economy of trade policy was substantially redirected by the appearance of Gene Grossman and Elhanan Helpman’s 1994 paper, “Protection for Sale”. Before that article a fairly wide range of approaches were favoured by various authors on various issues, but...
Persistent link: https://www.econbiz.de/10011071115
Persistent link: https://www.econbiz.de/10003284842
Persistent link: https://www.econbiz.de/10003310514
Persistent link: https://www.econbiz.de/10003343374
Persistent link: https://www.econbiz.de/10003330731
Persistent link: https://www.econbiz.de/10003335384
Persistent link: https://www.econbiz.de/10003485101