Harrison, Glenn W.; Rutherford, Thomas F.; Wooton, Ian - In: Canadian Journal of Economics 26 (1993) 4, pp. 961-68
The authors present a means of evaluating the effects of customs-union formation by a decomposition of the overall welfare effect into two components: the consequences of induced changes in domestic prices; and the effects on income of adjustments in tariff rates and endogenous changes in the...