Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25805
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dc.contributor.authorRaimondos-Møller, Pascalisen_US
dc.contributor.authorWoodland, Alan D.en_US
dc.date.accessioned2006-09-06en_US
dc.date.accessioned2009-07-28T08:12:21Z-
dc.date.available2009-07-28T08:12:21Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/25805-
dc.description.abstractThis paper introduces the concept of a steepest ascent tariff reform for a small open economy. By construction, it is locally optimal in that it yields the highest gain in utility of any feasible tariff reform vector of the same length. Accordingly, it provides a convenient benchmark for the evaluation of the welfare effectiveness of other well known tariff reform rules, as e.g. the proportional and the concertina rules. We develop the properties of this tariff reform, characterize the sources of the potential welfare gains from tariff reform, use it to establish conditions under which some existing reforms are locally optimal, provide geometric illustrations and compare welfare effectiveness of reforms using numerical examples. Moreover, being a general concept, we apply it to the issue of market access and examine its implications. Overall, the paper's contribution lies in presenting a theoretical concept where the focus is upon the size of welfare gains accruing from tariff reforms rather than simply with the direction of welfare effects that has been the concern of the literature.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working paper|x1760en_US
dc.subject.jelF15en_US
dc.subject.ddc330en_US
dc.subject.stwZolltarifen_US
dc.subject.stwAußenhandelsliberalisierungen_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwKleines-offenes-Landen_US
dc.subject.stwWirtschaftsmodellen_US
dc.titleSteepest ascent tariff reformsen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn517018241en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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