Publisher's Synopsis
Tariffs are redistributive. Redistributive economic policies were behind many social and political conflicts in the past and will continue to be so in the future. A consistent analytical framework that could explain why and how such policies are formed and when, how and why they change is still hard to find. Focussing on tariffs this book gives a thorough treatment of these questions. - - The author succeeds in grafting the analytical insights provided by game theory onto a Walrasian type model to obtain a general equilibrium model of a political economy. He then uses this model to address various interesting and important questions such as why tariffs exist, what causes tariff rates to change and when a country is likely to be ready for trade liberalization and when not. - - This book will provide valuable insights to all people interested in policy modelling.
