Lerner Symmetry: A Modern Treatment

<jats:p> Which policies are protectionist and which ones are not? The Lerner Symmetry Theorem establishes that import tariffs and export taxes are equally protectionist. In this paper we provide a modern treatment of this classical result, highlighting the importance of multinational firms, gl...

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Bibliographic Details
Main Authors: Costinot, Arnaud, Werning, Iván
Other Authors: Massachusetts Institute of Technology. Department of Economics
Format: Article
Language:English
Published: American Economic Association 2021
Online Access:https://hdl.handle.net/1721.1/136512

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