Trade-Policy Instruments, State Trading and First-Best Trade Intervention

Harriet Matejka

Chapter 7 in State Trading in International Markets, 1982, pp 142-160 from Palgrave Macmillan

Abstract: Abstract In the literature of trade policy, state trading is often classified as a trade-policy instrument. Meade, for instance, refers to state-trading monopolies as ‘another instrument through which a government can control the volume of trade’1 and goes on to state that the effects of state trading in a competitive regime ‘are essentially similar to the consequences of state intervention through taxes or subsidies and through quantitative restrictions’.2 Comparable statements can be found elsewhere3 and the assertion is also made implicitly by describing state trading as a substitute for other trade-policy instruments.4

Keywords: Trade Policy; Central Authority; State Trading; Marginal Revenue; Export Subsidy (search for similar items in EconPapers)
Date: 1982
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DOI: 10.1007/978-1-349-05887-7_8

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