WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs … from the real options literature; doing so we highlight the important role of bound tariffs at the extensive margin of … trade. We find that bound tariffs are more effective with higher risk destination markets, that a large binding overhang may …

WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs … from the real options literature; doing so we highlight the important role of bound tariffs at the extensive margin of … trade. We find that bound tariffs are more effective with higher risk destination markets, that a large binding overhang may …

Several developing countries impose high tariffs, directly or indirectly, on imports of manufactured goods such as … affirmative under several scenarios. Results show that while governments use tariffs to interact strategically with other …

The outcome of a trade war (with import tariffs and export subsidies) between two countries is analysed in a Cournot … reversion. However, it is shown that both countries minimaxing each other by setting prohibitive import tariffs and export taxes …