WHICH COUNTRY LOSES THE LEAST IN A TRADE WAR?
| dc.creator | Gaisford, James D. | |
| dc.creator | Kerr, William A. | |
| dc.date | 2017-04-01T20:20:39Z | |
| dc.date.accessioned | 2026-07-09T03:39:33Z | |
| dc.description | Trade actions, which can generally be claimed as trade wars, appear to be on the rise. This is particularly true in the case of agricultural commodities. It is a common perception that large countries will be the victors in such contests and this clearly affects the trade strategies of small countries, including Australia. The relationship between free-trade and trade-war pay-offs in the context of a prisoner's dilemma is explored in this paper. It is shown why neither a favourable terms of trade movement, a flatter import demand curve nor a larger population is, on its own, a sufficient condition for a relative victory in a trade war. The implications for small country trade strategies are then discussed. | |
| dc.identifier | doi:10.22004/ag.econ.22389 | |
| dc.identifier | https://ageconsearch.umn.edu/record/22389/files/36030249.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/22389 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/537668 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/22389 | |
| dc.title | WHICH COUNTRY LOSES THE LEAST IN A TRADE WAR? | |
| dc.type | Text |