Ranking the optimum tariff and the maximum revenue tariff
نویسندگان
چکیده
منابع مشابه
Tariff and Non-Tariff Barriers to Trade
that restrict trade between countries in agricultural commodities. Many of these policies are now subject to important disciplines under the 1994 GATT agreement that is administered by the World Trade Organization (WTO). The paper is organized as follows. First, tariffs, import quotas, and tariff rate quotas are discussed. Then, a series of non-tariff barriers to trade are examined, including v...
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As economists have known since Adam Smith, free trade should benefit all nations by allowing them to take advantage of gains from specialization.1 Indeed, the benefits of trade are supposed to justify unilateral liberalization: as the late British economist Joan Robinson once remarked, if your trading partner throws rocks into his harbor, that is no reason to throw rocks into your own. While un...
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The services sector is the next frontier in trade liberalization, and progress in this area is likely to bring enormous economic gain to developed and developing economies. A major impediment to services trade liberaliza tion, however, is the lack of rigorous analytical work on its potential impact. Our aim in this paper is to propel the policy relevant research forward. Restrictions on servic...
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W consider the problem of determining a set of optimal tariffs for an agent in the network, who owns a subset of all the arcs, and who receives revenue by setting the tariffs on the arcs he owns. Multiple rational clients are active in the network, who route their demands on the least expensive paths from source to destination. The cost of a path is determined by fixed costs and tariffs on the ...
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This paper introduces the concept of a steepest ascent tariff reform for a small open economy. By construction, it is locally optimal in that it yields the highest gain in utility of any feasible tariff reform vector of the same length. Accordingly, it provides a convenient benchmark for the evaluation of the welfare effectiveness of other tariff reform proposals. We develop the properties of t...
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ژورنال
عنوان ژورنال: Journal of International Economics
سال: 1977
ISSN: 0022-1996
DOI: 10.1016/0022-1996(77)90006-x