A note on customs unions vs. non-preferential tariffs
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It has been shown by Cooper and Massell  that making a non-preferential tariff reduction is always superior to joining a customs union. The purpose of this paper is to show that if the country concerned is a large country, then joining a customs union is not necessarily inferior to making a non-preferential tariff reduction.
KeywordsInternational Economic Public Finance Large Country Custom Union Tariff Reduction
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