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Tariff determination in the general equilibrium of a political economy : a bragain-theoretic approach to policy modelling

Author: Hom Moorti Pant
Publisher: London : Routledge, 2019.
Series: Routledge revivals
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
First published in 1997, this volume builds an economic model in which a model of the policy-formation process was grafted onto an economic model of the traditional kind. Politics are not made in a vacuum; they have their basis in the politico-economic system which economists have been modelling and analysing for a very long time. For economists, government policies are particularly important as they determine the  Read more...
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Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Hom Moorti Pant
ISBN: 0429437595 9780429437595 9780429794506 0429794509 9780429794490 0429794495 9780429794513 0429794517
OCLC Number: 1102469935
Description: 1 online resource
Contents: 1. An Overview. 2. A Selective Review of Endogenous Tariff Literature. 3. An Equilibrium Model of the Economic Sphere of a Small Open Political Economy. 4. The Rent Transformation Frontier. 5. Nash Equilibrium of a Political Economy and the Tariff Rate. 6. Bargaining in the Tariff Game. 7. A General Equilibrium Model of a Political Economy and Comparative Static Results. 8. Some Illustrative Simulations of the PEGEM. 9. Epilogue.
Series Title: Routledge revivals
Responsibility: Hom Moorti Pant.

Abstract:

First published in 1997, this volume builds an economic model in which a model of the policy-formation process was grafted onto an economic model of the traditional kind. Politics are not made in a vacuum; they have their basis in the politico-economic system which economists have been modelling and analysing for a very long time. For economists, government policies are particularly important as they determine the environment within which all agents make their choices and the way in which the market allocates resources. Through an examination of tariffs and an equilibrium model of the economic sphere of a small open political economy, Hom Moorti Pant aims to explore some of the reasons and effects of government policy decisions on the economy.

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