The Welfare Effects of Differential Tariff Rates
Yoshitomo Ogawa
Abstract
Yoshitomo Ogawa
Abstract
Abstract This paper considers a two‐country, three‐good economy in which one country imposes tariffs on import goods at a uniform rate, while the other country engages in free trade. In such an economy, we examine the welfare effects of changing tariff rates toward differential tariffs from uniform tariffs.
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Abstract This paper considers a two‐country, three‐good economy in which one country imposes tariffs on import goods at a uniform rate, while the other country engages in free trade. In such an economy, we examine the welfare effects of changing tariff rates toward differential tariffs from uniform tariffs.
Key concepts: Tariff, Economics, Welfare, Differential (mechanical device), International economics, Market economy, Engineering, Aerospace engineering