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Revenue tariff reform

Abstract:

What kind of tariff reform is likely to raise welfare in situations where tariff revenue is important? Uncertainty about specification and risk from imprecise parameter estimates of any particular specification reduce the credibility of simulation estimates. A promising alternative is to develop rules which are robust with respect to such uncertainty. We present sufficient conditions for a class of linear rule that guarantee welfare-improving tariff reform. The rules span cones of welfare...

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Publication status:
Published

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Publisher:
University of Oxford
Series:
Department of Economics Discussion Paper Series
Publication date:
2013-12-13
Paper number:
688
Keywords:
Pubs id:
600949
Local pid:
pubs:600949
Deposit date:
2020-12-14

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