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International Economics Commons

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Operations and Supply Chain Management

1976

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Full-Text Articles in International Economics

International Trade, Factor Market Distortions And The Optimal Dynamic Subsidy, Harvey E. Lapan Jun 1976

International Trade, Factor Market Distortions And The Optimal Dynamic Subsidy, Harvey E. Lapan

Economic Staff Paper Series

International trade theorists have long favored free trade, arguing that the only proper basis for a tariff is in response to some monopoly power in international trade. Pragmatic politicians, on the other hand, wary of the wrath of their constituents, have often resorted to the use of tariffs, arguing that the protection afforded by tariffs was necessary to prevent unemployment...