The outcome of a trade war (with import tariffs and export subsidies) between two countries is analysed in a Cournot … reversion. However, it is shown that both countries minimaxing each other by setting prohibitive import tariffs and export taxes …

is possible for some parameter values. -- Immiserizing Growth ; Metzler Paradox ; Import Tariffs ; Ricardian Model …

Using perfectly competitive, general equilibrium models of international trade, specific import tariffs, specific …, where each country can choose to use ad valorem trade taxes (import tariffs or export taxes, which are equivalent), or … specific import tariffs, or specific export taxes. In the two-country case, where there is a negative terms of trade …

The outcome of a trade war (with import tariffs and export subsidies) between two countries is analysed in a Cournot … reversion. However, it is shown that both countries minimaxing each other by setting prohibitive import tariffs and export taxes …