Tariff determination in general equilibrium : a bargain-theoretic approach to policy modelling
Pant, Hom Moorti
Government policies with redistributive implications have been a source of
many social and political conflicts. Until recently, positive economics has lacked a
consistent analytical framework that could explain how such policies are formed and
how they respond to exogenous shocks. This study makes a contribution towards this
direction by offering a consistent theoretical framework for short-run policy modelling.
Assuming that tariff rates are the only available instruments of a...[Show more]
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