The aim of this study is to examine the role that tariffs could possibly play beyond an infant industry argument, by considering three scenarios on how a technological competition can evolve, an approach that is built on the principle of fairness. At Davos, World Economic Forum (2019)...

We study the procompetitive effects of trade policies against a foreign oligopoly in a model of vertical product differentiation. We show that a uniform tariff policy like the Most Favored Nation (MFN) clause is always welfare superior to free trade because of a pure rent-extraction effect....

We combine a model of combined inter-spatial and inter-temporal trade between countries - recently used by Huang, Whalley and Zhang (2004) to analyze the merits of trade liberalization in services when goods trade is restricted - with a model of foreign exchange rationing due to Clarete and...