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Strategic Trade Policy with Generalized Social Welfare Functions

Sudesh Mujumdar|Mark D.White
사람과세계경영학회 (People&Global Business Association)|2012.06|Global Business and Finance Review|제17권 제1호|pp. 13-20

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참고문헌

키워드

TariffConsumer surplusStrategic trade policyGeneralized Social welfare

초록

This paper investigates the conduct of strategic trade policy when the government maximizes a generalized social welfare function with variable weights on profit and consumer surplus. We find the unexpected result that increased emphasis on either will tend to favor the use of the subsidy rather than the tariff.

Abstract

This paper investigates the conduct of strategic trade policy when the government maximizes a generalized social welfare function with variable weights on profit and consumer surplus. We find the unexpected result that increased emphasis on either will tend to favor the use of the subsidy rather than the tariff.

참고문헌 (9)

  1. Baldwin, R., "Politically realistic objective functions and trade policy : PROFs and tariffs", Economics Letters, 24, pp.287~290 (1987)
  2. Dougherty, C, "Global trade talks collapse over agricultural subsidies", The New York Times, ~ (2007)
  3. Feenstra, R. C., "Negotiated trade restrictions with private political pressure", Quarterly Journal of Economics, 56, pp.1287~1307 (1991)
  4. Laffont, J., "The politics of government decision-making : A theory of regulatory capture", Quarterly Journal of Economics, 56, pp.1089~1127 (1991)
  5. Mayer, W., "Endogenous tariff formation", American Economic Review, 74, pp.970~985 (1984)
  6. Peltzman, S., "Toward a more general theory of regulation", Journal of Law and Economics, 19, pp.211~240 (1976)
  7. Stigler, G., "The economic theory of regulation", Bell Journal of Economics, 2, pp.3~21 (1971)
  8. Trandel, G. . A., "Playing favorites : Welfare effects when strategic trade policy is set to favor producers", Southern Economic Journal, 63, pp.163~171 (1996)
  9. White, M., "Political manipulation of a public firm’’s objective function", Journal of Economic Behavior and Organization, 49, pp.55~67 (2002)

관련 논문AI추천

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