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infinite future. In this paper I analyze the setting of tariffs in a two-country model taking account of adjustment processes … induces policy makers with a short planning horizon to set lower tariffs because it enhances the short run boom following a … cut in tariffs. Monetary policy that aggressively fights deviations from its inflation target leads to even lower tariffs. …
Persistent link: https://www.econbiz.de/10011555189
-generating tariffs. This approach allows us to take account of adjustment dynamics, distributional aspects and the time horizon of policy … makers and workers. In response to a unilateral increase in tariffs aggregate consumption increases only sluggishly so that … policy makers with a short time horizon tend to set lower tariffs. Workers' preferences for tariffs depend on the sector …
Persistent link: https://www.econbiz.de/10011654196
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
environment, governments may, under some circumstances, negotiate to reduce tariffs, but without eliminating them altogether. It … is found that under certain circumstances tariffs may reduce unpredictable outcomes from the multiplicity of Walrasian …
Persistent link: https://www.econbiz.de/10014052147
converted into equivalent tariffs and further, reduced over time. However each member country has the authority to choose the … tariff types when it converts NTBs to tariffs such as ad valorem tariff and specific tariff. The paper tries to find the … achieve this goal, the paper analyses the effects of tariffication of a fixed quota into tariffs on price, trade and welfare …
Persistent link: https://www.econbiz.de/10012942570
caused by tariffs in general and shows that the resulting implications for the optimal tariff decision can be completely … country in a dynamic setting with endogenous firm technology choices prefers to impose discriminatory tariffs both ex post and … ex ante when emissions matter, while a commitment to uniform tariffs is optimally chosen when environmental concerns do …
Persistent link: https://www.econbiz.de/10011567891
This paper provides a welfare comparison of a tariff with a combination of a production subsidy to, and a commodity tax on, an import-competing commodity in a two-country economy. We treat some plausible situations of industry protection, including where the initial tariff is above the optimal...
Persistent link: https://www.econbiz.de/10013086011
Because carbon taxes can lead to loss of competitiveness, applying tariffs on imports from non …-carbon-restricting countries helps address the cost disadvantage faced by producers in carbon-restricting countries. Such tariffs, known as border …
Persistent link: https://www.econbiz.de/10012944911
Using perfectly competitive, general equilibrium models of international trade, specific import tariffs, specific …, where each country can choose to use ad valorem trade taxes (import tariffs or export taxes, which are equivalent), or … specific import tariffs, or specific export taxes. In the two-country case, where there is a negative terms of trade …
Persistent link: https://www.econbiz.de/10012254654
international trade. By imposing tariffs and quotas and altering the structure of the home market from one of perfect competition to … efficiency effects of import tariffs and quotas …
Persistent link: https://www.econbiz.de/10014189419