This study re-examines the impact of corruption on international trade accounting for both inter- and intra-national flows in line with the latest advances in the gravity equation literature. Using a wide sample of countries for the period 1995-2017, our results show that the non-inclusion of...

This chapter reviews the literature on applied general equilibrium analysis of agricultural and resource policies. It begins with a historical overview, followed by an assessment of the benefits of this methodology for examining sectoral policies. The chapter then turns to questions of...

This chapter examines government policy alternatives for protecting the environment. We compare environmentally motivated taxes and various non-tax environmental policy instruments in terms of their efficiency and distributional impacts. Much of the analysis is performed in a second-best setting...

A competitive market mechanism is a prominent example of a nonbinary social choice rule, typically defined for a special class of economic environments in which each social state is an economic allocation of private goods, and individuals’ preferences concern only their own personal...