This paper investigates optimal trade policies for a developing small open economy which faces international price uncertainty. Trade taxes are used to finance provision of a public good, which enters the utility function of consumers. If demands for private goods are independent of the public...

This paper investigates optimal trade policies for a developing, small open economy that faces international price uncertainly. Trade taxes are used to finance provision of a public good, which enters the utility function of consumers. If demands for private goods are independent of the public...

This paper investigates optimal trade policies for a developing, small open economy that faces international price uncertainly. Trade taxes are used to finance provision of a public good, which enters the utility function of consumers. If demands for private goods are independent of the public...

Lead Article. Cited in Giancarlo Gandolfo's textbook, International Economics I: The Pure Theory of International Trade (Springer-Verlag), 1995. Abstract Currently Unavailable.

This paper investigates long run consequences of international trade between two economies inhabited by two distinct races using different languages. If wages are not equal in autarky, free trade encourages the workers of the low-wage country to learn the language of the high-wage country. As...

no abstract

Cited in Giancarlo Gandolfo's textbook, International Economics I: The Pure Theory of International Trade (Springer-Verlag), 1995. Abstract Currently Unavailable.

This paper investigates a mixed market in which one or more producers of genuine brands compete with firms that produce counterfeit goods. The counterfeit product is assumed to be a good with positive marginal utility. Consumers recognize a counterfeit but knowingly purchase it because of its...

This paper investigates the effects of factor price stabilization on production decisions of the competitive firm with "ex post" production flexibility. Factor price stabilization is achieved through changes in the guaranteed minimum price and the imposed maximum price. For the risk-averse firm,...