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Baumol-Tobin and the welfare costs of national security border delays

Hui Huang and John Whalley

Economics Letters, 2008, vol. 99, issue 2, 290-292

Abstract: We analyze the economic costs of national security related border delays in a Baumol-Tobin inventory theoretic framework. We show that there are social costs induced by behavioural responses to the delays, in addition to time costs at the border.

Date: 2008
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Working Paper: Baumol-Tobin and the Welfare Costs of National Security Border Delays (2006) Downloads
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Handle: RePEc:eee:ecolet:v:99:y:2008:i:2:p:290-292