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

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Stephen P. Magee

Cambridge University Press

1989-08-25

460

USD 45.00

Paperback

9780521377003

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发表于2024-12-24

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

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

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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.

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