Régibeau, Pierre; Rockett, Katharine - C.E.P.R. Discussion Papers - 2001
new product into the market. The home government may apply an import tariff, an administrative delay or both to the … tariff and the administrative delay on the timing of new product introductions and the resulting changes in home, foreign and … world welfare. We show that administrative delays are less efficient instruments for maximizing home welfare than tariffs …