منابع مشابه
Revenue Neutral Trade Reform with Many Households, Quotas and Tariffs
Government budget balance forces the endogenous use of distortionary tax instruments when an exogenous reform is implemented. The aggregate efficiency of such reforms is based on comparisons of simple summary measures of the Marginal Cost of Funds of the various tariff or quota changes with the Marginal Cost of Funds of the alternative taxes, or of the Marginal Benefit of Government supplied go...
متن کاملTrade Reform Diagnostics with Many Households, Quotas and Tariffs*
Revenue neutral trade reform is desirable if revenues are made up from less costly distortions. With a particular Computable General Equilibrium model, reforms can be evaluated, but the robustness of conclusions is suspect; they depend on a particular specification and parameterization of the model economy. This paper provides a diagnostic toolkit which permits sensitivity analysis across model...
متن کاملTariffs, Quotas and Forward Contracts under Asymmetric Information
We consider optimal trade policy for a large country with private information. We show that the optimal tariff leads to a signaling equilibrium with higher tariffs and lower welfare than under complete information, whereas the optimal import quota replicates the complete information equilibrium and thus is superior to the tariff. We also show that, with the tariff, the country may be better off...
متن کاملPolitics of free trade areas: tariffs versus quotas
In this paper we compare and contrast the political viability of bilateral Free Trade Area (FTA) Agreements in the presence of tariffs and quotas. Assuming that the government maximizes a weighted sum of welfare and producer profits, we show that the political viability of FTAs varies according to whether trade restrictions take the form of tariffs or quotas. A key result is that whereas an FTA...
متن کاملRanking Optiimal Tariffs and Quotas for a Large Country under Uncertainty
Optimal tariffs and quotas are comgared for a large country under uncertainty. If the import supply schedule has constant elastjcity and is subject to multiplicative uncertainty and domestic demand is random then the optimal policy is a fixed +.d valorem tariff. If the supply schedule has constant elasticity but this elasticity is random then the optimal tariff is superior to the optimal quota....
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ژورنال
عنوان ژورنال: Review of International Economics
سال: 2007
ISSN: 0965-7576,1467-9396
DOI: 10.1111/j.1467-9396.2006.00637.x