high to prevent foreign firms from selling in the domestic market. However, not all tariffs are prohibitive, so that … merger of domestic firms may render it nonprohibitive, thus inviting foreign firms to penetrate the domestic market. Using a … simple example, the authors show that, in the latter two cases, abolishing the tariff may in fact make the domestic merger …

to the elimination of tariffs and cuts in non-tariff measures by 25%, is in the range of 1% to 4% of initial consumption …

to the elimination of tariffs and cuts in non-tariff measures by 25%, is in the range of 1% to 4% of initial consumption …

WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs … from the real options literature; doing so we highlight the important role of bound tariffs at the extensive margin of … trade. We find that bound tariffs are more effective with higher risk destination markets, that a large binding overhang may …