Asymmetric model of neoclassical trade and optimum tax-subsidy-tariff policy

Dilip K. Ghosh, Augustine C. Arize and Angie Zaher

The Journal of Economic Asymmetries, 2017, vol. 16, issue C, 87-100

Abstract: This work constructs an asymmetric structure of neoclassical model of trade, and reexamines the theorems of trade, which were derived originally in 2 × 2 × 2 paradigm. Absence of non-traded sector, noted by Bhagwati, has been highlighted in a more serious fashion. Then optimum price distortions in the form of taxes, subsidies, and tariffs are introduced, and optimality of the price distortions is ascertained.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joecas:v:16:y:2017:i:c:p:87-100

DOI: 10.1016/j.jeca.2017.09.001

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