Surveys of International Trade

Yin‐Wong Cheung · Bharat R. Hazari

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Global trade and economics Merger and Competition Analysis World Trade Organization Law

Abstract

This survey revisits the issue of welfare-maximising taxes versus revenue-maximising taxes when governments can delegate strategic trade policy to a policy-maker, such as the bureaucracy. The connection between this strand of the literature on strategic trade policy and the earlier industrial organisation literature on strategic managerial delegation within a firm is highlighted.

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