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SHOULD A LARGE COUNTRY SUSTAlN LAISSEZ FAIRE IN THE LONG-RUN?

April 26, 2017country faire laissez large long-run

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SHOULD A LARGE COUNTRY SUSTAlN LAISSEZ FAIRE IN THE LONG-RUN?

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Tsuyoshi Toshimitsu No 18, Discussion Paper Series from School of Economics, Kwansei Gakuin University Abstract: This paper analyses whether laissez faire is superior to tariff protection in the long-run, provided that the government of an importing country cannot precommit to an ex ante optimal tariff rate. We consider the cases of perfectly competitive foreign exporters and a monopolistic foreign exporter. In the case of perfect competition, the government should always choose laissez faire. However, in the case of monopoly, choosing laissez faire or tariff protection depends on the market size of the importing country. JEL-codes: F1 (search for similar items in EconPapers) Date: 1997-09, Revised 1997-09 Downloads: (external link) http://192.218.163.163/RePEc/pdf/kgdp18.pdf First version, 1997 (application/pdf) Related works: This item may be available elsewhere in EconPapers: Search for items with the same title.