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a reprint of 1992 Econ. Letters paper, "Piecemeal Trade Reform in Presence of Producer-Specific Domestic Subsidies," Economics Letters 39 (1992): 65-71
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Government intervention in agricultural sectors in both developed and developing countries has resulted in huge distortions in international markets. We describe the types of policies used in the agricultural sector and summarize quantitative measures that suggest their importance. Agricultural...
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We study the dynamics of optimal trade policy in a model with costly inter-sectoral adjustment of labour, where migrants pay less than the marginal social cost of migration. If workers have rational expectations, a future tariff has an announcement effect on the current migration decision. If...
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