Optimal trade liberalization and the welfare costs of imperfect credibility

• 成果类型: Article
• 署名作者: Buffie, EF
• 署名单位: Indiana University System; Indiana University Bloomington
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/S0022-1996(98)00006-3
• 发表日期: 1999
• 页码: 371-398
• 关键词: optimal tariff; LIBERALIZATION; credibility

摘要

In this paper I show that the optimal tariff cut is usually on the order of 50-80% even when liberalization is completely lacking in credibility and policy makers subscribe to the very conservative maximin criterion. (C) 1999 Elsevier Science B.V. All rights reserved.