DIFFERENTIATED PRODUCTS AND SUPPLY CONTROLS IN THE ANALYSIS OF AGRICULTURAL TRADE LIBERALIZATION: THE CASE OF TOBACCO

A multimarket model of the U.S. tobacco and cigarette industries is used to demonstrate the fallacious implications of trade policy reform analysis that ignore imperfect substitution and supply controls. This omission underlies the PSE, nominal protection ratio, and price gap adjustment methodologies.


Issue Date:
May 01 1989
Publication Type:
Working or Discussion Paper
Language:
English
Total Pages:
20




 Record created 2017-07-12, last modified 2017-08-29

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