Trade policy: home market effect versus terms-of-trade externality
We study trade policy in a two-sector Krugman (1980) trade model, allowing for wage, import and export subsidies/taxes. We study non-cooperative trade policies, first for each individual instrument and then for the situation where all instruments can be set simultaneously, and contrast those with th...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
2014-05.
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| Subjects: | |
| Online Access: | Get fulltext Get fulltext Get fulltext |