Welfare impacts of a trade restriccion: an equilibrium approach and application in the potash industry
A three-sector equilibrium open economy model is developed for measuring welfare effects of a trade restriction. The approach is applied to the U.S./Canadian trade agreement on potash (USCTAP). The net effect of USCTAP to U.S. firms, households, and the governemnt over the july 1987-june 1992 period was a social welfare cost of
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Main Authors: | , , |
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Format: | Texto biblioteca |
Language: | eng |
Published: |
Washington, D.C. (EUA)
1994
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Summary: | A three-sector equilibrium open economy model is developed for measuring welfare effects of a trade restriction. The approach is applied to the U.S./Canadian trade agreement on potash (USCTAP). The net effect of USCTAP to U.S. firms, households, and the governemnt over the july 1987-june 1992 period was a social welfare cost of |
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