Now showing items 1-3 of 3
The Impact of Tariffs on Profits in the United States and Other Major Trading Countries
(1987-06-04)
In this paper, we use the Michigan Model of World Production and Trade to analyze the impact of protection on total and per unit profits in the U.S. and other major trading countries. It is found that protection reduces ...
The Economic Consequences of an Import Surcharge : Theory and Empirical Evidence for the U.S. Economy
(1986-07)
This paper analyzes the impact of a 20 percent import surcharge on all U.S. imports and on imports from Japan, South Korea, Taiwan, and Brazil. The analytical framework is based upon the Michigan Model of World Production ...
Bargaining Structures and Macroeconomic Performance in a Small Open European Economy with Imperfectly Competitive World Markets
(1987-05)
This paper analyzes the macroeconomic effects of a national union, which coordinates the wage negotiations in different industries, in a small open economy, trading in imperfectly competitive world markets. Industry wage ...