search query: @author McCorriston, S. / total: 4
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| Author: | McCorriston, S. Sheldon, I. |
| Title: | The effect of vertical markets on trade policy reform |
| Journal: | Oxford Economic Papers
1996 : OCT, VOL. 48:4, p. 664-672 |
| Index terms: | ECONOMICS TRADE TRADE POLICY |
| Language: | eng |
| Abstract: | Typically, analysis of trade liberalization ignores the impact that intermediate stages in the production and distribution system may have on the pass-through of changes in tariffs to final goods' prices. Using a model of multi-stage system, this paper shows that both the number of vertical stages and the degree of imperfect competition at any specific stage can affect the degree of tariff pass-though. Simulation of the model with respect to recent changes in the European Union banana regime suggests that ignoring vertical market structure is likely to over-estimate the benefits to consumers of trade liberalization. |
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