The Protective Effect of a Tariff under Uncertainty
Bibliographic Data
| ID | 10176533 |
|---|---|
| Authors | Elhanan Helpman (Tel Aviv University), Assaf Razin (0000-0003-4749-5509, Tel Aviv University) |
| Year | 1978 |
| Volume | 86 |
| Issue | 6 |
| Pages | 1131-1141 |
| Publication date | 1978-12-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/260731 |
| OpenAlex | W1576951802 |
| Language | EN |
| Citations received | 1 |
| References cited | 2 |
We examine the protective effect of a tariff in a small economy with uncertainty and a stock market in which shares of firms are traded. In a deterministic economy, the allocation of resources is governed by commodity prices; in our economy, it is governed by equity prices and is dependent on commodity prices only to the extent that they influence equity prices. We show that in the absence of international trade in securities a tariff need not protect the import competing sector. In the presence of international trade in securities, a tariff always protects the import competing sector
Commodity · Economics · Equity (law · International economics · Market economy · Monetary economics · Stock (firearms · Tariff · Market Dynamics and Volatility
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,02 |
| Citation span | 1984 - 1984 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |