The Protective Effect of an Ad Valorem Versus Specific Tariff Under Uncertainty
Rafael Eldor
No 275365, Foerder Institute for Economic Research Working Papers from Tel-Aviv University > Foerder Institute for Economic Research
Abstract:
This paper shows that in a small country where arrangements to enable risk—sharing do not exist, a specific tariff is more protective under uncertainty than a mean—equivalent ad valorem tariff. This result does not necessarily hold for a large country case.
Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 12
Date: 1982-12
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Persistent link: https://EconPapers.repec.org/RePEc:ags:isfiwp:275365
DOI: 10.22004/ag.econ.275365
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