Journal article
Bilateral trade wars
The International trade journal, v 10(1), pp 3-20
01 Mar 1996
Abstract
The paper constructs a three-country, two-good general equilibrium model to analyze the welfare effects of bilateral trade wars. The presence of a third country (or a number of countries) pursuing free trade policies alters several results based on a two-country framework: Regardless of whether tariffs or quotas are used, bilateral trade wars need not eliminate trade between the two retaliating countries; even a "small" retaliating country can win a bilateral trade war; and quotas can be welfare-superior to tariffs under bilateral retaliation.
Metrics
10 Record Views
3 citations in Scopus
Details
- Title
- Bilateral trade wars
- Creators
- Mordechai E. Kreinin - Michigan State UniversityElias Dinopoulos - University of FloridaConstantinos Syropoulos - Pennsylvania State University
- Publication Details
- The International trade journal, v 10(1), pp 3-20
- Publisher
- Taylor & Francis
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Scopus ID
- 2-s2.0-84966367346
- Other Identifier
- 991021807105904721