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Trade restrictions and international price instability (English)

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.

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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