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Persistent link: https://www.econbiz.de/10005670078
import tariffs on a destination market are associated with less pricing-to-market, whereas non-tariff measures are associated …
Persistent link: https://www.econbiz.de/10011207948
different instruments: tariffs, export taxes and production subsidies. For each instrument we consider unilateral trade policy … general equilibrium effects of taxes/tariffs, we find that production subsidies are always inefficiently low and driven by … terms of trade effects. In the cases of tariffs and export taxes the home market effect prevails for some parameter …
Persistent link: https://www.econbiz.de/10011347042
Was the collapse of world trade between 1928 and 1937 caused by higher transport costs, increased protectionism or the collapse of the gold standard? Using recent advances in the estimation of gravity equations, I examine the partial and general equilibrium effects of bilateral distance,...
Persistent link: https://www.econbiz.de/10012023385
We show that multilateral tariff binding liberalization substantially impacts the nature and extent of Preferential Trade Agreement (PTA) formation. First, it shapes the nature of forces constraining expansion of Free Trade Agreements (FTAs). The constraining force is a free riding incentive of...
Persistent link: https://www.econbiz.de/10012029164
import tariffs on a destination market are associated with less pricing-to-market, whereas non-tariff measures are associated …
Persistent link: https://www.econbiz.de/10010499520
The welfare effects of Brexit on the UK, the EU27 and the rest of the world are analysed in a model of international trade under oligopoly. A hard Brexit where the UK trades according to WTO rules is shown to decrease total UK welfare, to have an ambiguous effect on total EU27 welfare, and to...
Persistent link: https://www.econbiz.de/10011867762
Welfare with the maximum-revenue tariff is compared to free-trade welfare under perfect competition in the case of a large country able to affect its terms of trade; under Cournot duopoly with differentiated products; and under Bertrand duopoly with differentiated products. Under perfect...
Persistent link: https://www.econbiz.de/10011886117
The outcome of a trade war (with import tariffs and export subsidies) between two countries is analysed in a Cournot … reversion. However, it is shown that both countries minimaxing each other by setting prohibitive import tariffs and export taxes …
Persistent link: https://www.econbiz.de/10011962037
as tariffs, can continue to disadvantage foreign firms. We analyze the bidding strategies in such a game and show that … when domestic profits are valued, tariffs will be used to discriminate against foreign firms. Furthermore, we find that … optimal tariffs can be more protectionist than the optimal price preference, resulting in lower expected domestic welfare and …
Persistent link: https://www.econbiz.de/10010242084