An alternative welfare decomposition for customs unions

We present a means of evaluating the effects of customs-union formation by a decomposition of the overall welfare effect into two components: the consequences of induced changes in domestic prices; and the effects on income of adjustments in tariff rates and endogenous changes in the pattern and vol...

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Bibliographic Details
Main Author: Harrison, Glenn W
Other Authors: Rutherford, Thomas F, Wooton, Ian
Format: Book
Series:Canadian Journal of Economics, vol. 26, no. 4 (noviembre 1993), pp. 961-968
Subjects: