International economic sanctions have become increasingly important as alternatives to military conflict since the end of the Cold War. This chapter surveys various approaches to the study of economic sanctions in both the economics and international relations literatures. Sanctions may be...

Since 1971, the City of Boulder, Colorado, has imposed a tax of 5% on the price of admission to all public events, including movies, concerts, and theatrical performances. However, the city has recently been sued by theater owners on the grounds that the theater owners bear the burden of the tax...

Recent studies on the welfare implications of internationally mobile capital for a country employing commercial policy have been restricted to constant‐returns‐to‐scale (CRS) production models. It is generally concluded that the pursuit of such policies is welfare‐decreasing under CRS...

This paper offers a new political economy explanation for the increasing use in recent years of quotas instead of, or in combination with, tariffs as a form of trade protection. The authors show that, under domestic monopoly, the comparative efficiency of tariffs and quotas in achieving...