Mulholland, Sean (2010): A Classroom Experiment on Import Tariffs and Quotas Under Perfect and Imperfect Competition.
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This manuscript develops a classroom experiment on international trade that is suitable for undergraduate intermediate macroeconomics, international trade, and international finance courses. Students representing buyers, in a small home country and foreign country, and sellers, both home and foreign, participate in a double-oral-auction to determine the price and level of international trade. By imposing tariffs and quotas and altering the structure of the home market from one of perfect competition to one of imperfect competition, the students experience the importance of market structure when seeking to determine efficiency effects of import tariffs and quotas.
|Item Type:||MPRA Paper|
|Original Title:||A Classroom Experiment on Import Tariffs and Quotas Under Perfect and Imperfect Competition|
|Keywords:||experiments, trade, quota, tariff, imperfect competition|
|Subjects:||A - General Economics and Teaching > A2 - Economics Education and Teaching of Economics > A22 - Undergraduate
F - International Economics > F1 - Trade > F11 - Neoclassical Models of Trade
D - Microeconomics > D4 - Market Structure and Pricing > D41 - Perfect Competition
F - International Economics > F1 - Trade > F12 - Models of Trade with Imperfect Competition and Scale Economies
D - Microeconomics > D4 - Market Structure and Pricing > D42 - Monopoly
C - Mathematical and Quantitative Methods > C9 - Design of Experiments > C91 - Laboratory, Individual Behavior
|Depositing User:||Sean Mulholland|
|Date Deposited:||07. Nov 2010 05:58|
|Last Modified:||15. Feb 2013 19:29|
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Murphy, James (2004). “A simple program to conduct a hand-run double auctionin the classroom.” Journal of Economic Education, Online Section.Vol. 35, Number 2, page 212.