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The generalized theory of distortions and welfare
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This article is published in Research Papers in Economics.The article was published on 1969-05-01 and is currently open access. It has received 534 citations till now. The article focuses on the topics: Welfare.read more
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Export Subsidies and International Market Share Rivalry
TL;DR: In a noncooperative equilibrium, the terms of trade move against the subsidizing country, but its welfare can increase because, under imperfect competition, price exceeds the marginal cost of exports as discussed by the authors.
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Export subsidies and international market share rivalry
TL;DR: In the noncooperative game, subsidies change the initial conditions of the game that firms play as mentioned in this paper, and the terms of trade move against the subsidizing country, but its welfare can increase if price exceeds the marginal cost of exports.
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International trade policy for oligopolistic industries
TL;DR: A review of the literature on trade in imperfectly competitive markets can be found in this paper, where the authors present a model that synthesises and extends some of the work on trade policy in the context of oligopoly.
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Tax competition with interregional differences in factor endowments
TL;DR: In this article, tax competition between two regions that tax interregionally mobile capital to finance local public goods is studied, and it is shown that in the Nash equilibrium, residents of a relatively small region, measured by population size, are better off than residents of the large region, if their region is sufficiently small.
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Government Failures in Development
TL;DR: The authors takes as a given the proposition that, in many developing countries, governmental policies have been highly distortive and harmful to economic growth, including omissions, such as neglect of infrastructure, and commission such as highly restrictive trade regimes and credit rationing.
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Domestic Distortions, Tariffs and the Theory of Optimum Subsidy
TL;DR: In this article, the use of tariffs when domestic distortions exist is discussed. But the main question is not whether a tariff policy necessarily superior to any other form of trade policy, but rather whether the choice can be made from the entire range of policy instruments, which is the optimal economic policy.
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