TY - JOUR
T1 - Strategic Behavior in the International Burley Tobacco Market
AU - Chambers, Orlando D.
AU - Reed, Michael R.
AU - Snell, William M.
PY - 2000/3
Y1 - 2000/3
N2 - This note uses an international trade model to investigate the competitiveness of the world burley tobacco market. Results support the contention that governments can take advantage of market imperfections to shift rents to the domestic economy. Both tariffs and quotas lead to larger domestic welfare compared to baseline results. However, a lowering of the price support lead to similar overall welfare increases without the retaliatory responses by competitors.
AB - This note uses an international trade model to investigate the competitiveness of the world burley tobacco market. Results support the contention that governments can take advantage of market imperfections to shift rents to the domestic economy. Both tariffs and quotas lead to larger domestic welfare compared to baseline results. However, a lowering of the price support lead to similar overall welfare increases without the retaliatory responses by competitors.
KW - Burley tobacco
KW - Calibration
KW - Strategic trade theory
KW - Welfare analysis
UR - http://www.scopus.com/inward/record.url?scp=0042283790&partnerID=8YFLogxK
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U2 - 10.1016/s0161-8938(98)00032-5
DO - 10.1016/s0161-8938(98)00032-5
M3 - Article
AN - SCOPUS:0042283790
SN - 0161-8938
VL - 22
SP - 139
EP - 148
JO - Journal of Policy Modeling
JF - Journal of Policy Modeling
IS - 2
ER -