Formal analysis of the political economy of trade policy was substantially redirected by theappearance of Gene Grossman and Elhanan Helpman's 1994 paper, "Protection for Sale".Before that article a fairly wide range of approaches were favoured by various authors onvarious issues, but afterwards, the vast majority of theoretical tracts on endogenous tradepolicy have used the Protection for Sale framework (PFS for short) as their main vehicle. Thereason, of course, is that the framework is both respectable - because its microfoundationsare distinctly firmer than were those of the earlier lobbying approaches - and it is very easyto work with. Despite the popularity of the PFS framework, it appears that no one haspresented a simple diagram that illustrates how the PFS frameworks and explains why it is soeasy. This short note aims to remedy that ommission.
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Paper provided by Centre for Economic Performance, LSE in its series CEP Discussion Papers with number
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Find related papers by JEL classification: H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
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Bernard, Andrew & Jensen, J Bradford & Redding, Stephen J & Schott, Peter, 2007.
"Firms in International Trade,"
CEPR Discussion Papers
6277, C.E.P.R. Discussion Papers.
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Andrew B. Bernard & J. Bradford Jensen & Stephen J. Redding & Peter K. Schott, 2007.
"Firms in International Trade,"
NBER Working Papers
13054, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Andrew B. Bernard & J. Bradford Jensen & Stephen Redding & Peter K. Schott, 2007.
"Firms in International Trade,"
CEP Discussion Papers
dp0795, Centre for Economic Performance, LSE.
[Downloadable!]
Andrew Bernard & J. Bradford Jensen & Stephen Redding & Peter Schott, 2007.
"Firms in International Trade,"
Working Papers
07-14, Center for Economic Studies, U.S. Census Bureau.
[Downloadable!]
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