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Spatial Price Equilibrium Models with Discriminatory Ad Valorem Tariffs: Formulation and Comparative Computation Using Variational Inequalities

  • Anna Nagurney
  • Charles F. Nicholson
  • Phillip M. Bishop
Part of the Advances in Spatial Science book series (ADVSPATIAL)

Abstract

Ad valorem tariffs are a trade policy instrument used by nearly all nations to restrict imports of a wide variety of commodities. Recent emphasis on tariffication as a means of trade liberalization underscores the importance of appropriately incorporating discriminatory ad valorem tariffs (tariffs imposed by the importing country that vary according to the exporting country) into spatial economic models. Both the recently-approved North American Free Trade Agreement (NAFTA) and the General Agreement on Tariffs and Trade (GATT) negotiations specify tariffication as a mechanism to lower trade barriers.

Keywords

Variational Inequality Variational Inequality Problem North American Free Trade Agreement Supply Market Supply Price 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin · Heidelberg 1996

Authors and Affiliations

  • Anna Nagurney
    • 1
  • Charles F. Nicholson
    • 2
  • Phillip M. Bishop
    • 2
  1. 1.University of MassachusettsUSA
  2. 2.Cornell UniversityUSA

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