Rent-Seeking and Trade Policy: An Industry Approach
The model of rent-seeking presented in this paper is consistent with the observation that labor and management in an industry almost always adopt the same position concerning the desirability of import protection versus trade liberalization. The paper also discusses the size of the returns to rent-seeking relative to the costs of lobbying, factors influencing the type of government assistance sought by an industry, and ways in which the benefits and costs of protection can be made more widely known to both the industries concerned and the general public.
|Date of creation:||Nov 1984|
|Date of revision:|
|Publication status:||published as Robert Baldwin, 1984. "Rent-seeking and trade policy: An industry approach," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 120(4), pages 662-677, December.|
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- J. Bhagwati & T. N. Srinivasan, 1979.
"Revenue-Seeking: A Generalization of the Theory of Tariffs,"
243, Massachusetts Institute of Technology (MIT), Department of Economics.
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- Robert C. Feenstra & Jagdish N. Bhagwati, 1982. "Tariff Seeking and the Efficient Tariff," NBER Chapters, in: Import Competition and Response, pages 245-262 National Bureau of Economic Research, Inc.
- Mussa, Michael, 1974. "Tariffs and the Distribution of Income: The Importance of Factor Specificity, Substitutability, and Intensity in the Short and Long Run," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1191-1203, Nov.-Dec..
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