A Game theoretic analysis of tariffs, dynamic inconsistency, resource conservation, and trade

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dc.contributor.author Batabyal, Amitrajeet
dc.date.accessioned 2009-05-06T01:17:56Z
dc.date.available 2009-05-06T01:17:56Z
dc.date.issued 2005-04
dc.identifier.citation Applied Economics Letters, Volume 13, Issue 4,March 2006 , pages 217 - 222 en_US
dc.identifier.other DOI: 10.1080/13504850500395969
dc.identifier.uri http://hdl.handle.net/1850/9335
dc.description RIT community members may access full-text via RIT Libraries licensed databases: http://library.rit.edu/databases/
dc.description.abstract Batabyal and Beladi (2004) have used a game model to study trade in a renewable resource between a single buyer and a single seller. The buyer uses a unit tariff to obliquely encourage conservation of the renewable resource and the entire harvest from the resource is exported to the importing nation. In this setting, it is shown that the efficacy of the unit tariff in promoting conservation depends crucially on whether harvesting costs are stock dependent or independent. When harvesting costs are stock independent (dependent), the optimal open loop unit tariff is time consistent (inconsistent). Does this result hold when the buyer and the seller consume a portion of the harvest from this resource? We show that the Batabyal and Beladi (2004) result holds even when there is domestic consumption of a portion of the harvest in the exporting country. We conclude by discussing the implications of this finding for renewable resource conservation in general. en_US
dc.language.iso en_US en_US
dc.publisher Taylor & Francis: The definitive copy of this paper can be found at: http://www.informaworld.com/smpp/title~content=t713684190~db=allt en_US
dc.relation.ispartofseries Vol. 13 en_US
dc.relation.ispartofseries No. 4 en_US
dc.subject Conservation en_US
dc.subject Harvest cost function en_US
dc.subject Renewable resource en_US
dc.subject Unit tariff en_US
dc.title A Game theoretic analysis of tariffs, dynamic inconsistency, resource conservation, and trade en_US
dc.type Article en_US
dc.identifier.url http://dx.doi.org/10.1080/13504850500395969

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