On the functional relationship between tariffs and welfare
Abstract
This paper uses a model of trade in two commodities between two countries to establish
the following proposition. If the foreign offer curve has no points of inflection
and if for each home rate of duty the equilibrium most favorable to the home country
is selected (or else there is only one equilibrium), then as the rate of duty increases
from zero, home welfare first rises then declines while foreign welfare steadily falls.
© 1975.
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https://hdl.handle.net/10161/1959Published Version (Please cite this version)
10.1016/0022-1996(75)90004-5Publication Info
(1975). On the functional relationship between tariffs and welfare. Journal of International Economics, 5(2). pp. 189-199. 10.1016/0022-1996(75)90004-5. Retrieved from https://hdl.handle.net/10161/1959.This is constructed from limited available data and may be imprecise. To cite this
article, please review & use the official citation provided by the journal.
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Show full item recordScholars@Duke
Edward Tower
Professor Emeritus of Economics
Professor Tower specializes in finance, computable general equilibrium modeling, macroeconomics,
development economics, microeconomics, and managerial economics. He conducts a majority
of his research within the study of trade and development, exploring a variety of
variables from tariffs, quotas, and time zone arbitrage, to equities, mutual funds,
and index mutual funds. Since he began publishing his work in 1965, he has contributed
over 130 articles to leading academic journals and has had s
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