International Trade

Tariffs

Introduction

* What damage can occur through protection?
* Substantional income transfers inconsistent with equity
* Efficiency loss
* Why do we usually observe limited damage only?
* "due to the very substantial flexibility of the economy"
* Not because protection is not harmful

Effects of Protection (Tariffs)

* Small country
* Partial Equilibrium Analysis: One-Good Case
* General Equilibrium Analysis: Two-Good Case
* Analysis using Offer Curves
* Large country
* Partial Equilibrium Analysis: One-Good Case
* General Equilibrium Analysis: Two-Good Case
* Analysis using Offer Curves
* Effective Rate of Protection
* Externality and Protection

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(mtcha@ecel.uwa.edu.au)

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