The idea of industrial policy is to cure perceived market failures of various sorts. This also has been the meat of development economics for decades. Moreover, strong similarities exist between the specific goals of industrial policy advocates for developed countries and goals of governments in...

This article conceptually extends a previous analysis of the impact of Offshore Assembly Provisions (OAP) upon Effective Rates of Protection (ERPs). Allowance is made for the fact that the OAP incentive to foreign assemblers to use US components will bid up the price of the components....

This paper presents a series of topics in international trade theory and how they can be implemented using GAMS. The paper will be updated periodically as new topics are completed.

This paper examines the controversy between the traditional Pigovia n analysis of social cost and the more recent property-rights approach. It is demonstrated that, while the Pigovian approach assigns no a priori rights or liabilities, the imposition of a Pigovian tax results in the assignment...