Van Ypersele, T. - Center for Operations Research and Econometrics (CORE), … - 1996
In this paper, we analyze the trade war between two large countries when the trade policy is decided through majority … voting. We show how the trade war equilibrium depends on the median voter production factor relative endowment. We compare … this equilibrium to the one analyzed by Johnson where the trade policy is driven by an utilitarian benevolent dictator. …