Trade Policy and Import Competition under Fluctuating Prices / Paul Strebel, Shabtai Donnenfeld.

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Strebel, Paul

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Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w0628.Publication details: Cambridge, Mass. National Bureau of Economic Research 1981.Description: 1 online resource: illustrations (black and white)Online resources:

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Abstract: When subsidies and tariffs are applied to imports with fluctuating prices, it is shown that the output response of domestic producers depends on market structure and their attitude toward risk. The domestic industry response is contrasted under two types of market structure, a monopoly and a competitive industry. Some unanticipated results suggest caution in the implementation of trade policy.

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w0628 (Browse shelf(Opens below))	Not For Loan

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Previous	nber w0625 Explanations of Exchange Rate Volatility and Other Empirical Regularities in Some Popular Models of the Foreign Exchange Market /	nber w0626 A Model of Stochastic Process Switching /	nber w0627 The Adequacy of Savings /	nber w0628 Trade Policy and Import Competition under Fluctuating Prices /	nber w0629 The Real Price of Oil and the 1970s World Inflation /	nber w0630 Monetarist Principles and the Money Stock Growth Rule /	nber w0631 When Is a Positive Income Tax Optimal? /	Next

February 1981.

When subsidies and tariffs are applied to imports with fluctuating prices, it is shown that the output response of domestic producers depends on market structure and their attitude toward risk. The domestic industry response is contrasted under two types of market structure, a monopoly and a competitive industry. Some unanticipated results suggest caution in the implementation of trade policy.