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Baumol-Tobin and the welfare costs of national security border delays

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  • Huang, Hui
  • Whalley, John

Abstract

We analyze the economic costs of national security related border delays in a Baumol-Tobin inventory theoretic framework. We show that there are social costs induced by behavioural responses to the delays, in addition to time costs at the border.

Suggested Citation

  • Huang, Hui & Whalley, John, 2008. "Baumol-Tobin and the welfare costs of national security border delays," Economics Letters, Elsevier, vol. 99(2), pages 290-292, May.
  • Handle: RePEc:eee:ecolet:v:99:y:2008:i:2:p:290-292
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    References listed on IDEAS

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    1. William J. Baumol, 1952. "The Transactions Demand for Cash: An Inventory Theoretic Approach," The Quarterly Journal of Economics, Oxford University Press, vol. 66(4), pages 545-556.
    2. Edgar Cudmore & John Whalley, 2005. "Border Delays and Trade Liberalization," NBER Chapters,in: International Trade in East Asia, NBER-East Asia Seminar on Economics, Volume 14, pages 391-406 National Bureau of Economic Research, Inc.
    3. W. J. Baumol & H. D. Vinod, 1970. "An Inventory Theoretic Model of Freight Transport Demand," Management Science, INFORMS, vol. 16(7), pages 413-421, March.
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    Cited by:

    1. Jerónimo Carballo & Georg Schaur & Alejandro Graziano & Christian Volpe Martincus, 2016. "Transit Trade," IDB Publications (Working Papers) 7688, Inter-American Development Bank.
    2. Jerónimo Carballo & Georg Schaur & Alejandro Graziano & Christian Volpe Martincus, 2016. "Transit Trade," IDB Publications (Working Papers) 94658, Inter-American Development Bank.
    3. Carlos Martí Sempere, 2011. "A Survey of the European Security Market," Economics of Security Working Paper Series 43, DIW Berlin, German Institute for Economic Research.

    More about this item

    JEL classification:

    • F1 - International Economics - - Trade
    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F19 - International Economics - - Trade - - - Other

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