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Strict Pareto-Improving Multilateral Reforms of Tariffs

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  • Turunen-Red, Arja H
  • Woodland, Alan D

Abstract

Starting from a tariff-distorted equilibrium of international trade, the authors examine the welfare effects of a gradual multilateral reform of tariffs (and other trade taxes and subsidies). Necessary and sufficient conditions for the existence of strict Pareto improving multilateral (differential) tariff reforms, accompanied by international transfers of income, are obtained. These results are then applied to various concrete tariff reform proposals such as proportional reductions in tariffs and the reduction of the highest ad valorem tariff rates. Some of the authors' theorems extend the generality of previously obtained results and some new tariff reform proposals are also made. Copyright 1991 by The Econometric Society.

Suggested Citation

  • Turunen-Red, Arja H & Woodland, Alan D, 1991. "Strict Pareto-Improving Multilateral Reforms of Tariffs," Econometrica, Econometric Society, vol. 59(4), pages 1127-1152, July.
  • Handle: RePEc:ecm:emetrp:v:59:y:1991:i:4:p:1127-52
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    Citations

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    Cited by:

    1. Yun, Kwan Koo, 1995. "The Dubovickii-Miljutin Lemma and characterizations of optimal allocations in non-smooth economies," Journal of Mathematical Economics, Elsevier, vol. 24(5), pages 435-460.
    2. repec:eee:inecon:v:111:y:2018:i:c:p:134-142 is not listed on IDEAS
    3. Pascalis Raimondos-Møller & Alan Woodland, 2014. "Steepest ascent tariff reform," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 55(1), pages 69-99, January.
    4. Raimondos-Moller, Pascalis & Woodland, Alan D., 2006. "Non-preferential trading clubs," Journal of International Economics, Elsevier, vol. 68(1), pages 79-91, January.
    5. Jeremy Edwards & Ronnie Schöb, 2002. "Distortionary Domestic Taxation and Pareto-Efficient International Trade," CESifo Working Paper Series 635, CESifo Group Munich.
    6. Neary, J Peter, 1998. " Pitfalls in the Theory of International Trade Policy: Concertina Reforms of Tariffs, and Subsidies to High-Technology Industries," Scandinavian Journal of Economics, Wiley Blackwell, vol. 100(1), pages 187-206, March.
    7. Arja H. Turunen-Red & Alan D. Woodland, 1995. "International Trade Policy Reforms and their Simulation," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 131(III), pages 389-417, September.
    8. Laborde Debucquet, David & Martin, Will, 2017. "Formulas for failure? Were the Doha tariff formulas too ambitious for success?:," IFPRI book chapters,in: Agriculture, development, and the global trading system: 2000– 2015, chapter 4 International Food Policy Research Institute (IFPRI).
    9. Bouamra-Mechemache, Zohra & Chavas, Jean-Paul & Cox, Thomas L. & Requillart, Vincent, 2001. "Interregional Analysis Of The Impacts Of Eliminating European Union Milk Production Quotas," 2001 Annual meeting, August 5-8, Chicago, IL 20677, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Alan Woodland & Arja Turunen-Red, 2000. "The Redistribution of Efficiency Gains: Transfers or Tariffs?," Econometric Society World Congress 2000 Contributed Papers 0987, Econometric Society.
    11. Frank Milne & Edwin Neave, 2003. "A General Equilibrium Financial Asset Economy with Transaction Costs and Trading Constraints," Working Papers 1082, Queen's University, Department of Economics.
    12. Hans Gersbach & Hans Haller, 2007. "Hierarchical Trade and Endogenous Price Distortions," CER-ETH Economics working paper series 07/72, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    13. Kotsogiannis, Christos & Woodland, Alan, 2013. "Climate and international trade policies when emissions affect production possibilities," Journal of Environmental Economics and Management, Elsevier, vol. 66(2), pages 166-184.
    14. Luis San Vicente Portes, 2005. "On the Distributional Effects of Trade Policy: A Macroeconomic Perspective," Computing in Economics and Finance 2005 358, Society for Computational Economics.
    15. Yun, Kwan Koo, 2010. "Efficient, Pareto-improving processes," Journal of Mathematical Economics, Elsevier, vol. 46(3), pages 326-331, May.
    16. Turunen-Red, Arja H. & Woodland, Alan D., 2000. "Multilateral policy reforms and quantity restrictions on trade," Journal of International Economics, Elsevier, vol. 52(1), pages 153-168, October.
    17. Lahiri, Sajal & Raimondos-Moller, Pascalis & Wong, Kar-yiu & Woodland, Alan D., 2002. "Optimal foreign aid and tariffs," Journal of Development Economics, Elsevier, vol. 67(1), pages 79-99, February.
    18. Pascalis Raimondos & Alan D. Woodland, 2011. "Reciprocity, World Prices and Welfare," CESifo Working Paper Series 3607, CESifo Group Munich.
    19. Kwan Koo Yun, 2004. "Efficient Pareto-improving Processes," Econometric Society 2004 Far Eastern Meetings 784, Econometric Society.

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