G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w3277
来源IDWorking Paper 3277
Distributing the Gains from Trade With Incomplete Information
Robert Feenstra; Tracy R. Lewis
发表日期1990-03-01
出版年1990
语种英语
摘要We argue that the incomplete information which the government has about domestic agents means that tariffs become an optimal instrument to protect them from import competition. We solve for the optimal government policies. subject to the political constraint of ensuring Pareto gains from trade, the incentive compatibility constraint, and the government's budget constraint. We find that the optimal policies take the form of nonlinear tariffs, so that both buyers and sellers of the import face an effective price which exceeds its world level. We find that the tariffs are never complete, in the sense of bringing prices (or all individuals back to their initial level. Rather, it will always be possible to make some individuals strictly better off than at the initial prices, while ensuring that no persons are worse off.
主题International Economics ; Other
URLhttps://www.nber.org/papers/w3277
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/560565
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GB/T 7714
Robert Feenstra,Tracy R. Lewis. Distributing the Gains from Trade With Incomplete Information. 1990.
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