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来源类型Working Paper
规范类型报告
DOI10.3386/w6933
来源IDWorking Paper 6933
Contingent Protection as Better Insurance
Ronald D. Fischer; Thomas J. Prusa
发表日期1999-02-01
出版年1999
语种英语
摘要We formalize the notion that GATT exceptions such as antidumping and escape clause actions can act as insurance for import competing sectors affected by adverse price shocks. We use a general equilibrium model with several import competing sectors and assume incomplete markets so that agents cannot contract insurance. We show that these measures are superior to uniform tariffs as insurance mechanisms. Moreover, we demonstrate that the optimal uniform policy may not involve a tariff at all, but rather might entail an export tax. We also show that a tax cum subsidy policy (i.e., taxing all sectors in order to subsidize the shocked sector) improves welfare.
主题International Economics ; Trade
URLhttps://www.nber.org/papers/w6933
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/564448
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Ronald D. Fischer,Thomas J. Prusa. Contingent Protection as Better Insurance. 1999.
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