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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...
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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...
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Once unquestionably the world's leading economic and industrial power, the United States now views with growing dismay … United States truly lagging in its ability to compete effectively in world markets? Concern over this question has been …, policymakers, and those in the business world …
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