Taxes and Resource Prices: A North-South Game

Chichilnisky, G. (1983). Taxes and Resource Prices: A North-South Game. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-83-124

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The purpose of this note is to construct and analyze a model of North-South trade in resources, which could then be used as the basis of an experimental game for the formulation of resource pricing policies. The South trades oil for industrial goods with the North. Each region has one policy parameter: the North, a tax on oil, and the South, the price of oil. Each region has two economic objectives: the North, higher output and higher real wages, and the South, higher revenues from exports and higher output levels. The policy instruments are used to define strategies: the payoffs of these strategies are given by the general equilibrium solutions of the model.

Item Type: Monograph (IIASA Working Paper)
Research Programs: System and Decision Sciences - Core (SDS)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:52
Last Modified: 27 Aug 2021 17:11

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