In this paper the effects of international trade distortions on world price instability is evaluated in a two-country, one commodity, equilibrium model, where random disturbances are present in supply and demand functions of both countries. Different cases of trade intervention are presented and the conditions stated under which price instability is increased, decreased or left unchanged.
Details
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Author
BALE, M. LUTZ, E.
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Document Date
1978/10/31
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Document Type
Staff Working Paper
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Report Number
SWP303
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Volume No
1
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Total Volume(s)
1
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Disclosure Date
2010/07/01
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Doc Name
Trade restrictions and international price instability
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Keywords
Balance of trade; General equilibrium models; International trade; Quotas; Supply & demand; Tariffs; Trade barriers; Trade policy; Market competition
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Citation
BALE, M. LUTZ, E.
Trade restrictions and international price instability (English). Staff working paper ; no. SWP 303 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/461541468765933214/Trade-restrictions-and-international-price-instability