Trusts and the Tariff
نویسندگان
چکیده
منابع مشابه
Is the Tariff the ‘Mother of Trusts’?: Reciprocal Trade Liberalization with Multimarket Collusion
This paper examines the impact of reciprocal trade liberalization on collusive conduct between domestic and foreign firms interacting in several markets. In our benchmark model, which deals with a symmetric homogenous-goods oligopoly, we show that in the absence of trade barriers an efficient collusive agreement involves equal division of the market in each country. When trade costs are introdu...
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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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Both individual experiences and community characteristics influence how much people trust each other. Using individual level data drawn from US localities we find that the strongest factors associated with low trust are: (i) a recent history of traumatic experiences; (ii) belonging to a group that historically felt discriminated against, such as minorities (blacks in particular) and, to a lesse...
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 1899
ISSN: 0022-3808,1537-534X
DOI: 10.1086/250596