Industrial organisation foundations of trade policy modelling [Canada; USA]
1989
Hazledine, T. (British Columbia Univ., Vancouver (Canada). Dept. of Agricultural Economics)
General equilibrium models of Canada-US free trade have produced a wide range of predictions of the impact on the Canadian economy. The models from an 'industrial organisation' perspective are analysed, focusing on differences in assumptions about market elasticities and pricing behaviour. The approach succeeds in encompassing the range of predictions from the models. The results have implications for agricultural policy modelling.
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