Trade Liberalization and Shadow Prices in the Presence of Tariffs and Quotas.
This paper examines the welfare effects of partial trade liberalization when trade is restricted by tariffs, quotas or some combination of both instruments. Rules for optimal first- and second-best intervention are derived and illustrated (using a new geometric technique) in both small and large ope...
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| Formato: | Working paper |
| Idioma: | English |
| Publicado: |
CEPR
1989
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