Welfare versus market access: the implications of tariff structure for tariff reform
We show that the effects of tariff changes on welfare and import volume are fully characterised by their effects on the generalised mean and variance of the tariff distribution, implying two “cones of liberalisation” in commodity price space. Because welfare is negatively but import volume positivel...
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| Médium: | Journal article |
| Jazyk: | English |
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Elsevier
2007
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