Black Hole Tariffs and Endogenous Policy Theory: Political Economy in General Equilibrium - Magee, Stephen P. ; Brock, William A. ; & Young, Leslie

Cambridge, Cambridge University Press, 1989. orig.cloth. 24x16cm, xx,438 pp.. Binding corner bumped. Some light page-edge soil. VG. ¶ Contents: A preview of the results; Endogenous policy theory: a diagrammatic approach; Endogenous Policy Theory with Specific Factors: The Theory of Industry Tariffs in Partial Equilibrium: The probabilistic voting model of political efficiency and powerless politicians; Endogenous lobbying theory and the contribution specialization theorem; Endogenous tariff theory; The power function model of endogenous industry lobbying; Three simple tests of the Stolper-Samuelson theorem; The invisible foot and the waste of nations: lawyers as negative externalities; Endogenous Policy Theory in General Equilibrium: A Long-Run Theory of National Tariff Levels: The 2 x 2 x 2 x 2 model of endogenous redistribution theory; A prisoner's dilemma theory of endogenous protection: the Leontief model; The compensation effect and the multiple equilibrium trap; Increasing returns to politics and factor endowments: economic development and Brazilian vitality versus the Indian disease; Endogenous protection in the United States, 1900-1988; A Cobb-Douglas model; Black hole tariffs; The endowment effect: cross-national evidence on endogenous tariffs; The senile-industry argument for protection; Optimal obfuscation and the theory of the second worst: the politically efficient policy. [" This book provides a special interest theory of protection, developing a full general equilibrium theory that explains the distribution of income with goods markets, factor markets, lobbies, political parties, and voters all pursuing their self interest...."- Publisher's description]

Magee, Stephen P. ; Brock, William A. ; & Young, Leslie - Black Hole Tariffs and Endogenous Policy Theory: Political Economy in General Equilibrium