Celik, Levent; Karabay, Bilgehan; McLaren, John - National Bureau of Economic Research (NBER) - 2011
In democracies, trade policy is the result of interactions among many agents with different agendas. In accordance with … this observation, we construct a dynamic model of legislative trade policy-making in the realm of distributive politics. An … tariff. The results pose a challenge to empirical work, since equilibrium trade policy is a function not only of economic …