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distortions for the welfare effects of tariffs and import quotas. The presence of pre-existing taxes can greatly raise the costs … revenues are used to reduce distortionary taxes. Hence there can be a large cost discrepancy between tariffs and quotas. The …
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Ukraine’s gas pricing policy subsidizes gas and heating for all households. As the cost of imported gas rises, this policy increasingly weighs on government finances, sustains energy over-consumption, dampens investment in delivery systems, and undermines incentives for domestic...
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non-cooperative policies within a single framework. First, we compare the elasticity of trade flows to import tariffs and … in import tariffs by 1 percentage point reduces imports by around 1.4 percent. Hence the two instruments are not …
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