Mode With Entry of a New Source of Imports
Mode With Entry of a New Source of Imports
This variant of the perfect competition tariff model addresses the case when a tariff reduction leads to the entry of a new source of imports into the market. It can simulate the effects of the new entry on the prices and quantities of imports and domestic shipments in the market.
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Recommended Citations:
Riker, D. and Schreiber S. (2020). Structural Equations for PE Models in Group 1 (Perfect Competition). U.S. International Trade Commission. Trade Policy PE Modeling Portal. |