Construct · 1 fields · 1 citations

optimal tariff: a standalone construct

One name. One construct. A landmark on the map.

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optimaltariff1 CONSTRUCTOptimal tariffBRODA · INTERNATIONAL

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

International economics

the tariff rate that maximizes a large country's welfare by exploiting its market power over world prices, set inversely to the foreign export supply elasticity.

In international economics, optimal tariff refers to the tariff rate that maximizes a large country's welfare by exploiting its market power over world prices, set inversely to the foreign export supply elasticity. This meaning comes from Broda (2008) in American Economic Review.[1]

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Nearby constructs

elasticity3 fields · 7 citationsjingle · one word, three sciencesmarket power1 fields · 1 citationsanchor · a standalone constructmarket3 fields · 5 citationsjingle · one word, three constructs

References

  1. Broda, C., Limão, N., & Weinstein, D. E. (2008). Optimal Tariffs and Market Power: The Evidence. American Economic Review, 98(5), 2032-2065. https://doi.org/10.1257/aer.98.5.2032

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