This paper investigates the issue of the optimal tariff policy of the domestic country ("North") in an environment in which its trade with the foreign country ("South") is accompanied by a leakage of technological information (spillovers). Three duopoly games were considered. The first one views...

Over the past 20 years, global trade in goods has nearly quadrupled, reaching US$ 19 trillion in 2013 compared with US$ 5 trillion in 1996. This represents an annual growth rate of 7.6 per cent on average. Over the same period, there has been a 15 per cent reduction in average tariffs applied by...