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Persistent link: https://www.econbiz.de/10014307230
This paper develops a simple small-country model to explain why the World Trade Organization (WTO) prohibits export subsidies but allows import tariffs. Governments choose protection rates (import tariffs/export subsidies) to maximize a weighted sum of social welfare and lobbying contributions....
Persistent link: https://www.econbiz.de/10010287958
This paper develops a simple small-country model to explain why the World Trade Organization (WTO) prohibits export subsidies but allows import tariffs
Persistent link: https://www.econbiz.de/10010576044