Black Hole Tariffs and Endogenous Policy Theory: Political Economy in General Equilibrium

Black Hole Tariffs and Endogenous Policy Theory: Political Economy in General Equilibrium

by Stephen P. Magee, William A. Brock, Leslie Young
     
 

This book provides a special interest theory of protection.See more details below

Overview

This book provides a special interest theory of protection.

Product Details

ISBN-13:
9780521377003
Publisher:
Cambridge University Press
Publication date:
08/28/1989
Edition description:
New Edition
Pages:
460
Product dimensions:
5.98(w) x 8.98(h) x 1.02(d)

Table of Contents

Preface; Acknowledgments; list of results; 1. A preview of the results; 2. Endogenous policy theory: a diagrammatic approach; Part I. Endogenous Policy Theory with Specific Factors: The Theory of Industry Tariffs in Partial Equilibrium: 3. The probabilistic voting model of political efficiency and powerless politicians; 4. Endogenous lobbying theory and the contribution specialization theorem; 5. Endogenous tariff theory; 6. The power function model of endogenous industry lobbying; 7. Three simple tests of the Stolper-Samuelson theorem; 8. The invisible foot and the waste of nations: lawyers as negative externalities; Part II. Endogenous Policy Theory in General Equilibrium: A Long-Run Theory of National Tariff Levels: 9. The 2 x 2 x 2 x 2 model of endogenous redistribution theory; 10. A prisoner's dilemma theory of endogenous protection: the Leontief model; 11. The compensation effect and the multiple equilibrium trap; 12. increasing returns to politics and factor endowments: economic development and Brazilian vitality versus the Indian disease; 13. Endogenous protection in the United States, 1900–88; 14. A Cobb–Douglas model; 15. Black hole tariffs; 16. The endowment effect: cross-national evidence on endogenous tariffs; Part II. Postscript: 17. The senile-industry argument for protection; 18. Optimal obfuscation and the theory of the second worst: the politically efficient policy; Mathematical appendices; References; Author index; Subject index.

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