Efficient barriers to trade: A sequential trade model with heterogeneous agents

• 成果类型: Article
• 署名作者: Eden, Benjamin
• 署名单位: Vanderbilt University
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2009.01.002
• 发表日期: 2009
• 页码: 234-244
• 关键词: Optimal tariffs; sequential trade; Demand uncertainty; Terms of trade

摘要

This paper studies the choice of tariffs and other type of consumption taxes and subsidies in a flexible price version of the Prescott [Prescott, Edward C., 1975. Efficiency of the Natural Rate. journal of Political Economy 83,1229-1236.] hotels model. It is shown that a country with unstable demand may benefit from a tariff on imports. More surprisingly, the exporting country may also benefit from the tariff. In general, I consider the problem of a world planner who chooses country specific consumption taxes and subsidies. I show that buyers in countries that tend to consume relatively more in the high demand state should be taxed and buyers in countries that tend to consume relatively more in the low demand state should be subsidized. (C) 2009 Elsevier B.V. All rights reserved.