English, Article, Journal or magazine article edition: Incentive Compatible Trade Policies Robert C. Feenstra

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Bookmark: http://trove.nla.gov.au/version/141781
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Incentive Compatible Trade Policies
Author
  • Robert C. Feenstra
Physical Description
  • preprint
Notes
  • We consider a two country trade model with production uncertainty. If complete contingent markets do not exist, it is desirable for governments to adopt some trade policies to share the production risk. A full information policy involves income transfers across countries, which can be achieved by equal import tariffs and export subsidies. With incomplete information we consider incentive compatible trade policies, which are designed to be truth revealing while partially sharing the production risk. In this case the tariff in one country may differ from the export subsidy abroad.
  • RePEc:nbr:nberwo:1977
Language
  • English
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