Black Hole Tariffs and Endogenous Policy Theory 在线电子书 pdf 下载 txt下载 epub 下载 mobi 下载 2024

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Stephen P. Magee 作者

Cambridge University Press

译者

1989-08-25 出版日期

460 页数

USD 45.00 价格

Paperback

丛书系列

9780521377003 图书编码

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This book provides a special interest theory of protection, developing a full general equilibrium theory that explains the distribution of income with goods markets, factor markets, lobbies, political parties, and voters all pursuing their self interest. This probabilistic voting model shows how well-organized groups can use seemingly irrational government policies to exploit poorly organized groups. Given rational predatory behaviour between these groups, protection or any other redistributive policy that improves the chances of election of a party increases political efficiency. This can create an economic black hole, conditions under which an entire economy can disappear into lobbying. Paradoxically, the tariff rates accompanying an economic black hole are very low. The economic waste is confined to lobbying costs. The book contains both theoretical and empirical work explaining protection in the United States (1900-1988) and levels of protection in about sixty foreign countries in the 1980s.

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