Abstract
We present a two-sector model to depict the determination of trade preference. The model highlights lobby as a rivalry between sectors in competition for resources where the outcome of the lobby race is determined by each sector’s ability to generate rent at a given welfare cost to the general population. We investigate the relation between the structure of trade protection and the resource endowment.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
