0
Your cart

Your cart is empty

Books > Business & Economics > Economics > International economics > International trade

Buy Now

Black Hole Tariffs and Endogenous Policy Theory - Political Economy in General Equilibrium (Hardcover) Loot Price: R3,252
Discovery Miles 32 520
You Save: R305 (9%)
Black Hole Tariffs and Endogenous Policy Theory - Political Economy in General Equilibrium (Hardcover): Stephen P. Magee,...

Black Hole Tariffs and Endogenous Policy Theory - Political Economy in General Equilibrium (Hardcover)

Stephen P. Magee, William A. Brock, Leslie Young

 (sign in to rate)
Was R3,557 Loot Price R3,252 Discovery Miles 32 520 | Repayment Terms: R305 pm x 12* You Save R305 (9%)

Bookmark and Share

Expected to ship within 12 - 17 working days

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 (1900-88) and levels of protection in about sixty foreign countries in the 1980s.

General

Imprint: Cambridge UniversityPress
Country of origin: United Kingdom
Release date: August 1989
First published: 1989
Authors: Stephen P. Magee • William A. Brock • Leslie Young
Dimensions: 231 x 155 x 28mm (L x W x T)
Format: Hardcover
Pages: 460
ISBN-13: 978-0-521-36247-4
Categories: Books > Business & Economics > Economics > International economics > International trade > General
Promotions
LSN: 0-521-36247-4
Barcode: 9780521362474

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!

Partners