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Tariff Reform: Some Pre-strategic Considerations

Author

Listed:
  • Kemp, Murray

    (U of New South Wales)

  • Wan, Henry, Jr.

    (Cornell U)

Abstract

We consider the implications of improving on GATT/WTO tariff negotiations both the most-favoured-nation (MFN) clause and the twin Paretian rules (that negotiations leave the trading world on its efficiency locus and each participating country in a preferred position). It is shown that the set of tariff reforms that satisfy both rules (a) is always non-empty, (b) might include no reforms that end in world-wide free trade, (c) always includes reforms that are incompatible with free trade and (d) might include reforms that support a Pareto-optimal and Pareto-improving allocation but also support other allocations with neither of those characteristics.

Suggested Citation

  • Kemp, Murray & Wan, Henry, Jr., 2003. "Tariff Reform: Some Pre-strategic Considerations," Working Papers 03-01, Cornell University, Center for Analytic Economics.
    • Handle: RePEc:ecl:corcae:03-01
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    File URL: https://cae.economics.cornell.edu/TARIFF_REFORM_6_January_2003.pdf
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    References listed on IDEAS

    as
    1. Grandmont, J. M. & McFadden, D., 1972. "A technical note on classical gains from trade," Journal of International Economics, Elsevier, vol. 2(2), pages 109-125, May.
    2. Mayer, Wolfgang, 1981. "Theoretical Considerations on Negotiated Tariff Adjustments," Oxford Economic Papers, Oxford University Press, vol. 33(1), pages 135-153, March.
    3. Kemp, Murray & Wan, Henry, Jr., 2003. "Lumpsum versus Non-lumpsum Redistribution: A Second Glance," Working Papers 03-02, Cornell University, Center for Analytic Economics.
    4. Kemp, Murray C & Wan, Henry Y, Jr, 1972. "The Gains from Free Trade," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 13(3), pages 509-522, October.
    5. Grinols, Earl L., 1981. "An extension of the Kemp-Wan theorem on the formation of customs unions," Journal of International Economics, Elsevier, vol. 11(2), pages 259-266, May.
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    Cited by:

    1. Kemp, Murray & Wan, Henry, Jr., 2003. "Lumpsum versus Non-lumpsum Redistribution: A Second Glance," Working Papers 03-02, Cornell University, Center for Analytic Economics.

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    More about this item

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade

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