Foreign monopoly and optimal tariffs for the small open economy

Ronald W. Jones, Shumpei Takemori

研究成果: Article査読

14 被引用数 (Scopus)

抄録

In competitive markets a small open economy cannot improve its terms of trade by levying a tariff. With imperfectly competitive suppliers, such a country might be able to get better prices if its market is segmented from that in other countries. The paper points out that tariffs provide the kind of market segmentation required. The advisability of protection for a small country is shown to rest upon the asymmetry between its demand elasticity and the elasticity of demand on average in the market.

本文言語English
ページ(範囲)1691-1707
ページ数17
ジャーナルEuropean Economic Review
33
9
DOI
出版ステータスPublished - 1989 12月
外部発表はい

ASJC Scopus subject areas

  • 財務
  • 経済学、計量経済学

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