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Time to Build Model

Time to Build Model

Release Date: August 08, 2019

This dynamic PE model of tariff changes applies to industries where products take time to build or grow. Producers can store goods to future periods to avoid the economic effects of a tariff shock. The model simulates changes in prices, quantities, trade flows, and storage on domestic and foreign sources of supply.

Tags:
Perfect Competition Tariff Dynamic

Model Contacts:

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Associated Papers:

Recommended Citations:
Schreiber, S. (2019). Unanticipated Tariff Changes with Time-To-Build Products. U.S. International Trade Commission. Economics Working Paper 2019-06-A.