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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...
Persistent link: https://www.econbiz.de/10014070699
This research expands upon the current theoretical literature on the political economy of trade policy by empirically estimating the degree of rent-seeking in the presence of free riding. The results provide strong evidence that the level of trade protection awarded to industries is...
Persistent link: https://www.econbiz.de/10014072034
Although trade wars have existed throughout modern history, there is little empirical evidence as to how countries choose which industries to target for retaliatory tariffs. We develop a political economy model of trade policy to explain a country’s choice of product for retaliation and test...
Persistent link: https://www.econbiz.de/10013241650
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This paper introduces a new data set and establishes a set of basic facts and patterns regarding the ‘trade’ that countries fight about under WTO dispute settlement. It characterizes the scope of products, as well as the levels of and changes to the trade values, market shares, volumes, and...
Persistent link: https://www.econbiz.de/10012564282
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We provide one of the first efforts to measure the importance of consumer preferences in legislators' trade policy decisions by estimating the degree to which the level of antitrust enforcement in the legislator's state impacts his or her vote on free trade agreements. To the extent that...
Persistent link: https://www.econbiz.de/10013134945