簡介:,,,,CONSUMERS,PRODUCERS,ANDTHEEFFICIENCYOFMARKETS,CHAPTER7,COPYRIGHT?2001BYHARCOURT,INCALLRIGHTSRESERVEDREQUESTSFORPERMISSIONTOMAKECOPIESOFANYPARTOFTHEWORKSHOULDBEMAILEDTOPERMISSIONSDEPARTMENT,HARCOURTCOLLEGEPUBLISHERS,6277SEAHARBORDRIVE,ORLANDO,FLORIDA328876777,,,REVISITINGTHEMARKETEQUILIBRIUM,DOTHEEQUILIBRIUMPRICEANDQUANTITYMAXIMIZETHETOTALWELFAREOFBUYERSANDSELLERSMARKETEQUILIBRIUMREFLECTSTHEWAYMARKETSALLOCATESCARCERESOURCESWHETHERTHEMARKETALLOCATIONISDESIRABLEISDETERMINEDBYWELFAREECONOMICS,,,,,WELFAREECONOMICS,WELFAREECONOMICSISTHESTUDYOFHOWTHEALLOCATIONOFRESOURCESAFFECTSECONOMICWELLBEINGBUYERSANDSELLERSRECEIVEBENEFITSFROMTAKINGPARTINTHEMARKETTHEEQUILIBRIUMINAMARKETMAXIMIZESTHETOTALWELFAREOFBUYERSANDSELLERS,,,,,WELFAREECONOMICS,EQUILIBRIUMINTHEMARKETRESULTSINMAXIMUMBENEFITS,ANDTHEREFOREMAXIMUMTOTALWELFAREFORBOTHTHECONSUMERSANDTHEPRODUCERSOFTHEPRODUCT,,,,,WELFAREECONOMICS,CONSUMERSURPLUSMEASURESECONOMICWELFAREFROMTHEBUYER’SSIDEPRODUCERSURPLUSMEASURESECONOMICWELFAREFROMTHESELLER’SSIDE,,,CONSUMERSURPLUS,WILLINGNESSTOPAYISTHEMAXIMUMPRICETHATABUYERISWILLINGANDABLETOPAYFORAGOODITMEASURESHOWMUCHTHEBUYERVALUESTHEGOODORSERVICE,,,CONSUMERSURPLUS,CONSUMERSURPLUSISTHEAMOUNTABUYERISWILLINGTOPAYFORAGOODMINUSTHEAMOUNTTHEBUYERACTUALLYPAYSFORIT,,,FOURPOSSIBLEBUYERS’WILLINGNESSTOPAY,CONSUMERSURPLUS,THEMARKETDEMANDCURVEDEPICTSTHEVARIOUSQUANTITIESTHATBUYERSWOULDBEWILLINGANDABLETOPURCHASEATDIFFERENTPRICES,FOURPOSSIBLEBUYERS’WILLINGNESSTOPAY,MEASURINGCONSUMERSURPLUSWITHTHEDEMANDCURVE,PRICEOFALBUM,50,70,80,0,100,,,,,1,2,3,4,,,,,QUANTITYOFALBUMS,,,MEASURINGCONSUMERSURPLUSWITHTHEDEMANDCURVE,PRICEOFALBUM,50,70,80,0,100,,,,,1,2,3,4,,,,,QUANTITYOFALBUMS,,,,,,,,,,DEMAND,,PRICE80,MEASURINGCONSUMERSURPLUSWITHTHEDEMANDCURVE,PRICEOFALBUM,50,70,80,0,100,,,,,1,2,3,4,,,,,QUANTITYOFALBUMS,,,,,,,,,,DEMAND,,PRICE70,MEASURINGCONSUMERSURPLUSWITHTHEDEMANDCURVE,THEAREABELOWTHEDEMANDCURVEANDABOVETHEPRICEMEASURESTHECONSUMERSURPLUSINTHEMARKET,,,,,HOWTHEPRICEAFFECTSCONSUMERSURPLUS,QUANTITY,PRICE,0,DEMAND,COPYRIGHT?2001BYHARCOURT,INCALLRIGHTSRESERVED,INITIALCONSUMERSURPLUS,,,,,,CONSUMERSURPLUSANDECONOMICWELLBEING,CONSUMERSURPLUS,THEAMOUNTTHATBUYERSAREWILLINGTOPAYFORAGOODMINUSTHEAMOUNTTHEYACTUALLYPAYFORIT,MEASURESTHEBENEFITTHATBUYERSRECEIVEFROMAGOODASTHEBUYERSTHEMSELVESPERCEIVEIT,,,PRODUCERSURPLUS,PRODUCERSURPLUSISTHEAMOUNTASELLERISPAIDMINUSTHECOSTOFPRODUCTIONITMEASURESTHEBENEFITTOSELLERSPARTICIPATINGINAMARKET,THECOSTSOFFOURPOSSIBLESELLERS,,,,,PRODUCERSURPLUSANDTHESUPPLYCURVE,JUSTASCONSUMERSURPLUSISRELATEDTOTHEDEMANDCURVE,PRODUCERSURPLUSISCLOSELYRELATEDTOTHESUPPLYCURVEATANYQUANTITY,THEPRICEGIVENBYTHESUPPLYCURVESHOWSTHECOSTOFTHEMARGINALSELLER,THESELLERWHOWOULDLEAVETHEMARKETFIRSTIFTHEPRICEWEREANYLOWER,SUPPLYSCHEDULEFORTHEFOURPOSSIBLESELLERS,,,PRODUCERSURPLUSANDTHESUPPLYCURVE,QUANTITYOFHOUSESPAINTED,PRICEOFHOUSEPAINTING,500,800,900,0,,600,,,,1,2,3,,,,,,4,,,SUPPLY,THEAREABELOWTHEPRICEANDABOVETHESUPPLYCURVEMEASURESTHEPRODUCERSURPLUSINAMARKET,PRODUCERSURPLUSANDTHESUPPLYCURVE,,MEASURINGPRODUCERSURPLUSWITHTHESUPPLYCURVE,QUANTITYOFHOUSESPAINTED,PRICEOFHOUSEPAINTING,500,800,900,0,,600,,,,1,2,3,,,,,,4,,,,,,,,,SUPPLY,PRICE600,,,,MEASURINGPRODUCERSURPLUSWITHTHESUPPLYCURVE,QUANTITYOFHOUSESPAINTED,PRICEOFHOUSEPAINTING,500,800,900,0,,600,,,,1,2,3,,,,,,4,,,,,,,,,SUPPLY,PRICE800,,,,,HOWPRICEAFFECTSPRODUCERSURPLUS,QUANTITY,PRICE,0,SUPPLY,,,INITIALPRODUCERSURPLUS,,,MARKETEFFICIENCY,CONSUMERSURPLUSANDPRODUCERSURPLUSMAYBEUSEDTOADDRESSTHEFOLLOWINGQUESTIONISTHEALLOCATIONOFRESOURCESDETERMINEDBYFREEMARKETSINANYWAYDESIRABLE,ECONOMICWELLBEINGANDTOTALSURPLUS,AND,ECONOMICWELLBEINGANDTOTALSURPLUS,OR,,,MARKETEFFICIENCY,MARKETEFFICIENCYISACHIEVEDWHENTHEALLOCATIONOFRESOURCESMAXIMIZESTOTALSURPLUS,,,MARKETEFFICIENCY,INADDITIONTOMARKETEFFICIENCY,ASOCIALPLANNERMIGHTALSOCAREABOUTEQUITY–THEFAIRNESSOFTHEDISTRIBUTIONOFWELLBEINGAMONGTHEVARIOUSBUYERSANDSELLERS,,,EVALUATINGTHEMARKETEQUILIBRIUM,PRICE,EQUILIBRIUMPRICE,0,QUANTITY,EQUILIBRIUMQUANTITY,,A,SUPPLY,C,B,DEMAND,,,,,D,E,,,,,,,,,CONSUMERANDPRODUCERSURPLUSINTHEMARKETEQUILIBRIUM,PRICE,EQUILIBRIUMPRICE,0,QUANTITY,EQUILIBRIUMQUANTITY,,A,SUPPLY,C,B,DEMAND,,,,,D,E,,,,,PRODUCERSURPLUS,CONSUMERSURPLUS,THREEINSIGHTSCONCERNINGMARKETOUTCOMES,FREEMARKETSALLOCATETHESUPPLYOFGOODSTOTHEBUYERSWHOVALUETHEMMOSTHIGHLYFREEMARKETSALLOCATETHEDEMANDFORGOODSTOTHESELLERSWHOCANPRODUCETHEMATLEASTCOSTFREEMARKETSPRODUCETHEQUANTITYOFGOODSTHATMAXIMIZESTHESUMOFCONSUMERANDPRODUCERSURPLUS,,,,,PRICE,0,QUANTITY,EQUILIBRIUMQUANTITY,SUPPLY,DEMAND,,,,,,,,,,COSTTOSELLERS,VALUETOBUYERS,VALUETOBUYERS,COSTTOSELLERS,,,VALUETOBUYERSISGREATERTHANCOSTTOSELLERS,VALUETOBUYERSISLESSTHANCOSTTOSELLERS,THEEFFICIENCYOFTHEEQUILIBRIUMQUANTITY,THEEFFICIENCYOFTHEEQUILIBRIUMQUANTITY,BECAUSETHEEQUILIBRIUMOUTCOMEISANEFFICIENTALLOCATIONOFRESOURCES,THESOCIALPLANNERCANLEAVETHEMARKETOUTCOMEASHE/SHEFINDSITTHISPOLICYOFLEAVINGWELLENOUGHALONEGOESBYTHEFRENCHEXPRESSIONLAISSEZFAIRE,MARKETPOWER,IFAMARKETSYSTEMISNOTPERFECTLYCOMPETITIVE,MARKETPOWERMAYRESULTMARKETPOWERISTHEABILITYTOINFLUENCEPRICESMARKETPOWERCANCAUSEMARKETSTOBEINEFFICIENTBECAUSEITKEEPSPRICEANDQUANTITYFROMTHEEQUILIBRIUMOFSUPPLYANDDEMAND,EXTERNALITIES,EXTERNALITIESARECREATEDWHENAMARKETOUTCOMEAFFECTSINDIVIDUALSOTHERTHANBUYERSANDSELLERSINTHATMARKETEXTERNALITIESCAUSEWELFAREINAMARKETTODEPENDONMORETHANJUSTTHEVALUETOTHEBUYERSANDCOSTTOTHESELLERSWHENBUYERSANDSELLERSDONOTTAKEEXTERNALITIESINTOACCOUNTWHENDECIDINGHOWMUCHTOCONSUMEANDPRODUCE,THEEQUILIBRIUMINTHEMARKETCANBEINEFFICIENT,SUMMARY,CONSUMERSURPLUSMEASURESTHEBENEFITBUYERSGETFROMPARTICIPATINGINAMARKETCONSUMERSURPLUSCANBECOMPUTEDBYFINDINGTHEAREABELOWTHEDEMANDCURVEANDABOVETHEPRICE,SUMMARY,PRODUCERSURPLUSMEASURESTHEBENEFITSELLERSGETFROMPARTICIPATINGINAMARKETPRODUCERSURPLUSCANBECOMPUTEDBYFINDINGTHEAREABELOWTHEPRICEANDABOVETHESUPPLYCURVE,SUMMARY,THEEQUILIBRIUMOFDEMANDANDSUPPLYMAXIMIZESTHESUMOFCONSUMERANDPRODUCERSURPLUSTHISISASIFTHEINVISIBLEHANDOFTHEMARKETPLACELEADSBUYERSANDSELLERSTOALLOCATERESOURCESEFFICIENTLYMARKETSDONOTALLOCATERESOURCESEFFICIENTLYINTHEPRESENCEOFMARKETFAILURES,SUMMARY,ANALLOCATIONOFRESOURCESTHATMAXIMIZESTHESUMOFCONSUMERANDPRODUCERSURPLUSISSAIDTOBEEFFICIENTPOLICYMAKERSAREOFTENCONCERNEDWITHTHEEFFICIENCY,ASWELLASTHEEQUITY,OFECONOMICOUTCOMES,MEASURINGCONSUMERSURPLUSWITHTHEDEMANDCURVE,MEASURINGCONSUMERSURPLUSWITHTHEDEMANDCURVE,MEASURINGCONSUMERSURPLUSWITHTHEDEMANDCURVE,HOWTHEPRICEAFFECTSCONSUMERSURPLUS,PRODUCERSURPLUSANDTHESUPPLYCURVE,MEASURINGPRODUCERSURPLUSWITHTHESUPPLYCURVE,MEASURINGPRODUCERSURPLUSWITHTHESUPPLYCURVE,HOWPRICEAFFECTSPRODUCERSURPLUS,EVALUATINGTHEMARKETEQUILIBRIUM,CONSUMERANDPRODUCERSURPLUSINTHEMARKETEQUILIBRIUM,THEEFFICIENCYOFTHEEQUILIBRIUMQUANTITY,
下載積分: 4 賞幣
上傳時(shí)間:2024-01-06
頁數(shù): 53
大小: 0.52(MB)
子文件數(shù):
簡介:,,,,APPLICATIONINTERNATIONALTRADE,CHAPTER9,COPYRIGHT?2001BYHARCOURT,INCALLRIGHTSRESERVEDREQUESTSFORPERMISSIONTOMAKECOPIESOFANYPARTOFTHEWORKSHOULDBEMAILEDTOPERMISSIONSDEPARTMENT,HARCOURTCOLLEGEPUBLISHERS,6277SEAHARBORDRIVE,ORLANDO,FLORIDA328876777,INTERNATIONALTRADE,WHATDETERMINESWHETHERACOUNTRYIMPORTSOREXPORTSAGOOD,INTERNATIONALTRADE,WHOGAINSANDWHOLOSESFROMFREETRADEAMONGCOUNTRIES,INTERNATIONALTRADE,WHATARETHEARGUMENTSTHATPEOPLEUSETOADVOCATETRADERESTRICTIONS,EQUILIBRIUMWITHOUTTRADE,ASSUMEACOUNTRYISISOLATEDFROMRESTOFTHEWORLDANDPRODUCESSTEELTHEMARKETFORSTEELCONSISTSOFTHEBUYERSANDSELLERSINTHECOUNTRYNOONEINTHECOUNTRYISALLOWEDTOIMPORTOREXPORTSTEEL,EQUILIBRIUMWITHOUTTRADE,,,0,QUANTITY,OFSTEEL,EQUILIBRIUM,QUANTITY,,DOMESTIC,SUPPLY,DOMESTIC,DEMAND,PRODUCER,SURPLUS,CONSUMER,SURPLUS,,,,,EQUILIBRIUMWITHOUTTRADE,RESULTSDOMESTICPRICEADJUSTSTOBALANCEDEMANDANDSUPPLYTHESUMOFCONSUMERANDPRODUCERSURPLUSMEASURESTHETOTALBENEFITSTHATBUYERSANDSELLERSRECEIVE,,WORLDPRICEANDCOMPARATIVEADVANTAGE,IFTHECOUNTRYDECIDESTOENGAGEININTERNATIONALTRADE,WILLITBEANIMPORTEROREXPORTEROFSTEEL,,,WORLDPRICEANDCOMPARATIVEADVANTAGE,THEEFFECTSOFFREETRADECANBESHOWNBYCOMPARINGTHEDOMESTICPRICEOFAGOODWITHOUTTRADEANDTHEWORLDPRICEOFTHEGOODTHEWORLDPRICEREFERSTOTHEPREVAILINGPRICEINTHEWORLDMARKETSACOUNTRYWILLEITHERBEANEXPORTERORANIMPORTEROFTHEGOOD,WORLDPRICEANDCOMPARATIVEADVANTAGE,IFACOUNTRYHASACOMPARATIVEADVANTAGE,THENTHEDOMESTICPRICEWILLBEBELOWTHEWORLDPRICE,ANDTHECOUNTRYWILLBEANEXPORTEROFTHEGOOD,WORLDPRICEANDCOMPARATIVEADVANTAGE,IFTHECOUNTRYDOESNOTHAVEACOMPARATIVEADVANTAGE,THENTHEDOMESTICPRICEWILLBEHIGHERTHANTHEWORLDPRICE,ANDTHECOUNTRYWILLBEANIMPORTEROFTHEGOOD,0,QUANTITY,OFSTEEL,DOMESTICDEMAND,,,,INTERNATIONALTRADEINANEXPORTINGCOUNTRY,DOMESTICSUPPLY,HARCOURT,INCITEMSANDDERIVEDITEMSCOPYRIGHT?2001BYHARCOURT,INC,,,0,QUANTITY,OFSTEEL,,WORLDPRICE,DOMESTICDEMAND,,,,,HOWFREETRADEAFFECTSWELFAREINANEXPORTINGCOUNTRY,DOMESTICSUPPLY,PRICEAFTERTRADE,PRICEBEFORETRADE,A,B,C,D,,EXPORTS,,,,0,QUANTITY,OFSTEEL,,WORLDPRICE,DOMESTICDEMAND,,,,,HOWFREETRADEAFFECTSWELFAREINANEXPORTINGCOUNTRY,DOMESTICSUPPLY,PRICEAFTERTRADE,PRICEBEFORETRADE,,,,0,QUANTITY,OFSTEEL,,WORLDPRICE,DOMESTICDEMAND,,,,,HOWFREETRADEAFFECTSWELFAREINANEXPORTINGCOUNTRY,DOMESTICSUPPLY,PRICEAFTERTRADE,PRICEBEFORETRADE,,CHANGESINWELFAREFROMFREETRADETHECASEOFANEXPORTINGCOUNTRY,,,,,THEAREADSHOWSTHEINCREASEINTOTALSURPLUSANDREPRESENTSTHEGAINSFROMTRADE,,,,,,,BEFORETRADE,,,AFTERTRADE,,,,,CHANGE,,,CONSUMERSURPLUS,AB,A,,,B,,,,PRODUCERSURPLUS,,C,,BCD,,,,BD,,,,,,TOTALSURPLUS,,,,ABC,,,,ABCD,,,,,,D,,HOWFREETRADEAFFECTSWELFAREINANEXPORTINGCOUNTRY,THEANALYSISOFANEXPORTINGCOUNTRYYIELDSTWOCONCLUSIONSDOMESTICPRODUCERSOFTHEGOODAREBETTEROFF,ANDDOMESTICCONSUMERSOFTHEGOODAREWORSEOFFTRADERAISESTHEECONOMICWELLBEINGOFTHENATIONASAWHOLE,INTERNATIONALTRADEANDTHEIMPORTINGCOUNTRY,IFTHEWORLDPRICEOFSTEELISLOWERTHANTHEDOMESTICPRICE,THECOUNTRYWILLBEANIMPORTEROFSTEELWHENTRADEISPERMITTED,INTERNATIONALTRADEANDTHEIMPORTINGCOUNTRY,DOMESTICCONSUMERSWILLWANTTOBUYSTEELATTHELOWERWORLDPRICE,INTERNATIONALTRADEANDTHEIMPORTINGCOUNTRY,DOMESTICPRODUCERSOFSTEELWILLHAVETOLOWERTHEIROUTPUTBECAUSETHEDOMESTICPRICEMOVESTOTHEWORLDPRICE,,,INTERNATIONALTRADEANDTHEIMPORTINGCOUNTRY,0,QUANTITY,OFSTEEL,DOMESTICSUPPLY,DOMESTICDEMAND,,,,,,,,HOWFREETRADEAFFECTSWELFAREINANIMPORTINGCOUNTRY,0,QUANTITY,OFSTEEL,,DOMESTICSUPPLY,WORLDPRICE,DOMESTICDEMAND,,,,PRICEAFTERTRADE,PRICEBEFORETRADE,,,,,A,B,C,D,,IMPORTS,,,,,HOWFREETRADEAFFECTSWELFAREINANIMPORTINGCOUNTRY,0,QUANTITY,OFSTEEL,,DOMESTICSUPPLY,WORLDPRICE,DOMESTICDEMAND,,,,PRICEAFTERTRADE,PRICEBEFORETRADE,,,,,,,,,HOWFREETRADEAFFECTSWELFAREINANIMPORTINGCOUNTRY,0,QUANTITY,OFSTEEL,,DOMESTICSUPPLY,WORLDPRICE,DOMESTICDEMAND,,,,PRICEAFTERTRADE,PRICEBEFORETRADE,,,,,CHANGESINWELFAREFROMFREETRADETHECASEOFANIMPORTINGCOUNTRY,,,,,THEAREADSHOWSTHEINCREASEINTOTALSURPLUSANDREPRESENTSTHEGAINSFROMTRADE,,,,,,,BEFORETRADE,,,AFTERTRADE,,,,,CHANGE,,,CONSUMERSURPLUS,A,ABD,,,BD,,,,PRODUCERSURPLUS,,BC,,C,,,,B,,,,,,TOTALSURPLUS,,,,ABC,,,,ABCD,,,,,,D,HOWFREETRADEAFFECTSWELFAREINANIMPORTINGCOUNTRY,THEANALYSISOFANIMPORTINGCOUNTRYYIELDSTWOCONCLUSIONSDOMESTICPRODUCERSOFTHEGOODAREWORSEOFF,ANDDOMESTICCONSUMERSOFTHEGOODAREBETTEROFFTRADERAISESTHEECONOMICWELLBEINGOFTHENATIONASAWHOLEBECAUSETHEGAINSOFCONSUMERSEXCEEDTHELOSSESOFPRODUCERS,THEGAINSANDLOSSESFROMFREEINTERNATIONALTRADE,THEGAINSOFTHEWINNERSEXCEEDTHELOSSESOFTHELOSERSTHENETCHANGEINTOTALSURPLUSISPOSITIVE,TARIFFS,TARIFFSARETAXESONIMPORTEDGOODSTARIFFSRAISETHEPRICEOFIMPORTEDGOODSABOVETHEWORLDPRICEBYTHEAMOUNTOFTHETARIFF,,THEEFFECTSOFATARIFF,0,QUANTITY,OFSTEEL,DOMESTICSUPPLY,DOMESTICDEMAND,,,,,,,THEEFFECTSOFATARIFF,0,QUANTITY,OFSTEEL,DOMESTICSUPPLY,DOMESTICDEMAND,,,,WORLDPRICE,,,,Q1S,Q1D,PRICEWITHOUTTARIFF,,IMPORTSWITHOUTTARIFF,,,THEEFFECTSOFATARIFF,0,QUANTITY,OFSTEEL,DOMESTICSUPPLY,DOMESTICDEMAND,,,,TARIFF,,,,WORLDPRICE,,,,Q1S,Q2S,Q2D,Q1D,PRICEWITHOUTTARIFF,PRICEWITHTARIFF,,IMPORTSWITHOUTTARIFF,,IMPORTSWITHTARIFF,,,,,,,,THEEFFECTSOFATARIFF,0,QUANTITY,OFSTEEL,DOMESTICSUPPLY,DOMESTICDEMAND,,,,TARIFF,,,,WORLDPRICE,,,,Q1S,Q2S,Q2D,Q1D,,IMPORTSWITHOUTTARIFF,,IMPORTSWITHTARIFF,,,,,,,,THEEFFECTSOFATARIFF,0,QUANTITY,OFSTEEL,DOMESTICSUPPLY,DOMESTICDEMAND,,,,TARIFF,,,,WORLDPRICE,,,,Q1S,Q2S,Q2D,Q1D,,IMPORTSWITHOUTTARIFF,,IMPORTSWITHTARIFF,,,,,,PRICEWITHTARIFF,PRICEWITHOUTTARIFF,,,,,,THEEFFECTSOFATARIFF,0,QUANTITY,OFSTEEL,DOMESTICSUPPLY,DOMESTICDEMAND,,,,TARIFF,,,,WORLDPRICE,,,,Q1S,Q2S,Q2D,Q1D,PRICEWITHOUTTARIFF,PRICEWITHTARIFF,,IMPORTSWITHOUTTARIFF,,IMPORTSWITHTARIFF,,,,,,A,,B,C,E,G,CHANGESINWELFAREFROMATARIFF,,,,,,,,,,,THEAREADFSHOWSTHEFALLINTOTALSURPLUSANDREPRESENTSTHEDEADWEIGHTLOSSOFTHETARIFF,THEEFFECTSOFATARIFF,ATARIFFREDUCESTHEQUANTITYOFIMPORTSANDMOVESTHEDOMESTICMARKETCLOSERTOITSEQUILIBRIUMWITHOUTTRADEWITHATARIFF,TOTALSURPLUSINTHEMARKETDECREASESBYANAMOUNTREFERREDTOASADEADWEIGHTLOSS,THEEFFECTSOFANIMPORTQUOTA,ANIMPORTQUOTAISALIMITONTHEQUANTITYOFIMPORTS,,,THEEFFECTSOFANIMPORTQUOTA,0,QUANTITY,OFSTEEL,DOMESTICSUPPLY,DOMESTICDEMAND,,,,EQUILIBRIUMWITHOUTTRADE,,THEEFFECTSOFANIMPORTQUOTA,BECAUSETHEQUOTARAISESTHEDOMESTICPRICEABOVETHEWORLDPRICE,DOMESTICBUYERSOFTHEGOODAREWORSEOFF,ANDDOMESTICSELLERSOFTHEGOODAREBETTEROFFLICENSEHOLDERSAREBETTEROFFBECAUSETHEYMAKEAPROFITFROMBUYINGATTHEWORLDPRICEANDSELLINGATTHEHIGHERDOMESTICPRICE,,,,,,,THEEFFECTSOFANIMPORTQUOTA,0,QUANTITY,OFSTEEL,DOMESTICSUPPLY,DOMESTICDEMAND,,,,,,WORLDPRICE,,,,,,,,Q1S,Q2S,Q2D,Q1D,PRICEWITHOUTQUOTA,PRICEWITHQUOTA,,IMPORTSWITHOUTQUOTA,,IMPORTSWITHQUOTA,,,,DOMESTICSUPPLYIMPORTSUPPLY,,QUOTA,,A,B,C,E,E,F,G,D,CHANGESINWELFAREFROMANIMPORTQUOTA,ABCDE’E”FG,ABCE’E”G,THEAREADFSHOWSTHEFALLINTOTALSURPLUSANDREPRESENTSTHEDEADWEIGHTLOSSOFTHEQUOTA,,,BEFOREQUOTA,AFTERTARIFF,CHANGE,CONSUMERSURPLUS,PRODUCERSURPLUS,GOVERNMENT,REVENUE,TOTALSURPLUS,ABCDE’E”F,AB,CDE’E”F,G,CG,C,NONE,E’E”,E’E”,DF,,,THEEFFECTSOFANIMPORTQUOTA,,WITHAQUOTA,TOTALSURPLUSINTHEMARKETDECREASESBYANAMOUNTREFERREDTOASADEADWEIGHTLOSSTHEQUOTACANPOTENTIALLYCAUSEANEVENLARGERDEADWEIGHTLOSS,IFAMECHANISMSUCHASLOBBYINGISEMPLOYEDTOALLOCATETHEIMPORTLICENSES,THEEFFECTSOFTARIFFSANDQUOTAS,IFGOVERNMENTSELLSIMPORTLICENSESFORFULLVALUE,REVENUEEQUALSTHATOFEQUIVALENTTARIFFANDTHERESULTSOFTARIFFSANDQUOTASAREIDENTICAL,,,BOTHTARIFFSANDIMPORTQUOTAS,RAISEDOMESTICPRICESREDUCETHEWELFAREOFDOMESTICCONSUMERSINCREASETHEWELFAREOFDOMESTICPRODUCERSCAUSEDEADWEIGHTLOSSES,OTHERBENEFITSOFINTERNATIONALTRADE,INCREASEDVARIETYOFGOODSLOWERCOSTSTHROUGHECONOMIESOFSCALEINCREASEDCOMPETITIONENHANCEDFLOWOFIDEAS,THEARGUMENTSFORRESTRICTINGTRADE,JOBSNATIONALSECURITYINFANTINDUSTRYUNFAIRCOMPETITIONPROTECTIONASABARGAININGCHIP,TRADEAGREEMENTS,UNILATERALWHENACOUNTRYREMOVESITSTRADERESTRICTIONSONITSOWNMULTILATERALACOUNTRYREDUCESITSTRADERESTRICTIONSWHILEOTHERCOUNTRIESDOTHESAME,NAFTA,THENORTHAMERICANFREETRADEAGREEMENTNAFTAISANEXAMPLEOFAMULTILATERALTRADEAGREEMENTIN1993,NAFTALOWEREDTHETRADEBARRIERSAMONGTHEUS,MEXICO,ANDCANADA,GATT,THEGENERALAGREEMENTONTARIFFSANDTRADEGATTREFERSTOACONTINUINGSERIESOFNEGOTIATIONSAMONGMANYOFTHEWORLD’SCOUNTRIESWITHAGOALOFPROMOTINGFREETRADEGATTHASSUCCESSFULLYREDUCEDTHEAVERAGETARIFFAMONGMEMBERCOUNTRIESFROMABOUT40AFTERWWIITOABOUT5TODAY,SUMMARY,THEEFFECTSOFFREETRADECANBEDETERMINEDBYCOMPARINGTHEDOMESTICPRICEWITHOUTTRADETOTHEWORLDPRICEALOWDOMESTICPRICEINDICATESTHATTHECOUNTRYHASACOMPARATIVEADVANTAGEINPRODUCINGTHEGOODANDTHATTHECOUNTRYWILLBECOMEANEXPORTERAHIGHDOMESTICPRICEINDICATESTHATTHERESTOFTHEWORLDHASACOMPARATIVEADVANTAGEINPRODUCINGTHEGOODANDTHATTHECOUNTRYWILLBECOMEANIMPORTER,SUMMARY,WHENACOUNTRYALLOWSTRADEANDBECOMESANEXPORTEROFAGOOD,PRODUCERSOFTHEGOODAREBETTEROFF,ANDCONSUMERSOFTHEGOODAREWORSEOFFWHENACOUNTRYALLOWSTRADEANDBECOMESANIMPORTEROFAGOOD,CONSUMERSOFTHEGOODAREBETTEROFF,ANDPRODUCERSAREWORSEOFF,SUMMARY,ATARIFF–ATAXONIMPORTS–MOVESAMARKETCLOSERTOTHEEQUILIBRIUMTHANWOULDEXISTWITHOUTTRADE,ANDTHEREFOREREDUCESTHEGAINSFROMTRADEIMPORTQUOTASWILLHAVEEFFECTSSIMILARTOTHOSEOFTARIFFS,SUMMARY,THEREAREVARIOUSARGUMENTSFORRESTRICTINGTRADEPROTECTINGJOBS,DEFENDINGNATIONALSECURITY,HELPINGINFANTINDUSTRIES,PREVENTINGUNFAIRCOMPETITION,ANDRESPONDINGTOFOREIGNTRADERESTRICTIONSECONOMISTS,HOWEVER,BELIEVETHATFREETRADEISUSUALLYTHEBETTERPOLICY,EQUILIBRIUMWITHOUTTRADE,INTERNATIONALTRADEINANEXPORTINGCOUNTRY,HARCOURT,INCITEMSANDDERIVEDITEMSCOPYRIGHT?2001BYHARCOURT,INC,HOWFREETRADEAFFECTSWELFAREINANEXPORTINGCOUNTRY,HOWFREETRADEAFFECTSWELFAREINANEXPORTINGCOUNTRY,HOWFREETRADEAFFECTSWELFAREINANEXPORTINGCOUNTRY,INTERNATIONALTRADEANDTHEIMPORTINGCOUNTRY,HOWFREETRADEAFFECTSWELFAREINANIMPORTINGCOUNTRY,HOWFREETRADEAFFECTSWELFAREINANIMPORTINGCOUNTRY,HOWFREETRADEAFFECTSWELFAREINANIMPORTINGCOUNTRY,THEEFFECTSOFATARIFF,THEEFFECTSOFATARIFF,THEEFFECTSOFATARIFF,,,0,QUANTITY,OFSTEEL,DOMESTICSUPPLY,DOMESTICDEMAND,,,,TARIFF,,,,WORLDPRICE,,,,Q1S,Q2S,Q2D,Q1D,PRICEWITHOUTTARIFF,PRICEWITHTARIFF,,IMPORTSWITHOUTTARIFF,,IMPORTSWITHTARIFF,,,,,,THEEFFECTSOFATARIFF,THEEFFECTSOFATARIFF,THEEFFECTSOFATARIFF,THEEFFECTSOFANIMPORTQUOTA,THEEFFECTSOFANIMPORTQUOTA,
下載積分: 4 賞幣
上傳時(shí)間:2024-01-06
頁數(shù): 71
大?。?0.58(MB)
子文件數(shù):