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This paper develops a spatial duopoly model by taking land consumption and mobile households into consideration and examines the respective effects of a tariff and a quota on an open economy with various price conjectural variations (including Loschian, H-S and G-O competition). The main...
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method and if cross-border externalities exist, import quotas are in some cases preferable to tariffs. Otherwise, however …, tariffs are preferable to quotas …
Persistent link: https://www.econbiz.de/10014072218
In a model with cost-based informational asymmetry and trade policy determined endogenously, we show that tariffs and … follows from this difference in their sensitivities. The model is benchmarked so that under complete information tariffs and …
Persistent link: https://www.econbiz.de/10014073695
, they do not share the same welfare implications with tariffs in the presence of a piecemeal reform (second-best). In this …
Persistent link: https://www.econbiz.de/10013077881
This paper compares the social welfare effects of tariffs and quotas as strategic trade policy instruments in an …
Persistent link: https://www.econbiz.de/10012829278
Historically, tariffs have been an attractive policy tool to protect domestic industries. The benefits of such a policy …
Persistent link: https://www.econbiz.de/10010338661
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
This paper first presents a dynamic model that features both real and monetary aspects of international trade and is capable of dealing with both full employment and secular unemployment. The model is then utilized to examine the effect of a tariff on the terms of trade, the trade pattern, real...
Persistent link: https://www.econbiz.de/10015047453
Can anti-dumping tariffs increase employment? We compile data on all antidumping (AD) investigations in Brazil matching … upstream ones are not affected. To quantify the aggregate effect of these tariffs, we build a model with international trade ….06%, but they decreased welfare by 2.4%. Using tariffs, the government can increase employment by as much as 2.8%. …
Persistent link: https://www.econbiz.de/10013393556