Agricultural Protectionism in a Strategic Trade Policy Context: An Application to the U.S. Cheese Market
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Publisher:Ohio State University. Department of Agricultural, Environmental, and Development Economics
Series/Report no.:Ohio State University. Department of Agricultural Economics and Rural Sociology. ESO (Economics and Sociology Occasional Paper). No. 1689
Using a general conjectural variations model, this paper shows that even though import tariffs may be justified where markets are imperfectly competitive, such a policy may be inferior to alternative forms of trade intervention. These results are evaluated in the context of the U.S. cheese processing sector.