Tariff determination in general equilibrium : a bargain-theoretic approach to policy modelling
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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