Lovely, Mary E.; Nelson, Douglas - In: Journal of Economic Studies 22 (1995) 6, pp. 26-45
Analyses smuggling through legal entry points in the context of a Ricardo‐Viner (RV) economy. Posits that smuggling will improve welfare if the benefits of a reduced domestic price distortion exceed the resource cost of smuggling. Strengthening of anti‐smuggling activity eed not improve...