The optimal degree of reciprocity in tariff reduction
This paper characterizes the optimal reciprocal trade policy in the environment of Melitz (2003) with firm productivity heterogeneity. With all the conflicting effects of import tariffs on welfare considered, the optimal degree of reciprocity in multilateral tariff reduction is shown to be free trade....
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2020
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/2399 https://ink.library.smu.edu.sg/context/soe_research/article/3398/viewcontent/hetero_iit_policy_.pdf |
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| Institution: | Singapore Management University |
| Language: | English |