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This paper analyzes the revenue-constrained optimum tariff problem. When a fixed level of tax revenue has to be collected only from tariffs, an efficient resource allocation can not be achieved by any tariff structure. Thus we need to find the optimum tariff structure as the second best resource...
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the trade deficit. The experience during both the 1980s and 1990s demonstrates that a large and growing trade deficit need …
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the trade deficit. The experience during both the 1980s and 1990s demonstrates that a large and growing trade deficit need …
Persistent link: https://www.econbiz.de/10009475104
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