All international trade involves the shipment of commodities from one nation to another. Many commodities, before reaching their final destinations, are transshipped through several nations, each having independent authorities to tax commodities in transit. However, we show that such "middle" nations may be unable to exercise monopoly power over commodities in transit and all the rents are captured by the country where the commodities are produced and the country where there are markets.
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Paper provided by Center for Research on Contemporary Economic Systems, Graduate School of Economics, Hitotsubashi University in its series CCES Discussion Paper Series with number
18.