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Marketing Orders as Nontariff Trade Barriers
Author(s) -
Chambers Robert G.,
Pick Daniel H.
Publication year - 1994
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1243919
Subject(s) - autarky , quality (philosophy) , economics , trade barrier , international economics , international trade , market economy , philosophy , epistemology , welfare
Previous analysis shows that, under autarky, all groups must lose from minimum quality standards with symmetric information. We find that, with international trade, it is possible for one country to gain by introducing minimum quality standards. However, it is not possible for both countries to gain from the standards. This result implies that minimum‐quality standards are nontariff trade barriers using the Walter and Baldwin criteria.