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- W2892179608 abstract "We consider a two country trade model with production uncertainty. If complete contingent markets do not exist, it is desirable for governments to adopt some trade policies to share the production risk. A full information policy involves income transfers across countries, which can be achieved by equal import tariffs and export subsidies. With incomplete information we consider incentive compatible trade policies, which are designed to be truth revealing while partially sharing the production risk. In this case the tariff in one country may differ from the export subsidy abroad." @default.
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- W2892179608 date "1987-09-01" @default.
- W2892179608 modified "2023-10-18" @default.
- W2892179608 title "Incentive Compatible Trade Policies" @default.
- W2892179608 doi "https://doi.org/10.2307/3440206" @default.
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