The conclusions of the 1976 Kemp-Van proposition are shown to be substantially valid even if all tariff vectors, both pre-union and post-union, are optimally chosen.

This paper studies whether it is possible to characterize an optimal, time-consistent tariff to protect an infant-industry in the presence of learning effects. A domestic monopolist decides how much to produce, taking into account learning effects induced by its current production, while the...

One of the most notable events of the world economy over the past twenty years has been the phenomenal growth in the number of international economic integration agreements, such as free trade agreements. This paper discusses the roles of “competitive liberalization” by nations’...

The paper introduces differences in production and transaction conditions between countries into the model of monopolistic competition to investigate the interplay between trade policies and development strategies. It applies inframarginal analysis, which is total benefit analysis between corner...

We study a duopoly model of trade and its trade policy. The two country trade model to be discussed is the following. There are three goods (0,1 and 2). Good 0 is produced by perfectly competitive firms, and the good 1 and the good 2 are imperfect substitutes, each produced by a home and a...