This paper studies the effect of political elite's career incentive on China's trade policy formation. The conventional wisdom in both the China field and the political economy literature predicts that trade policy rents tend to be doled out by leaders to those political elite who enjoy close...

Theoretical comparisons of the welfare consequences of tariffs, subsidies and import licenses have relied on the assumption that firms reap no private benefits from the imposition of a tariff. This paper conducts an empirical analysis of whether a recent change in U.S. antidumping law known as...