A Positive Analysis of Fairness with Applications to International Trade

Suranovic, Steven

doi:10.1111/1467-9701.00274

Cited by 28 publications

(21 citation statements)

References 4 publications

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“…12 Also like epidemics, earthquakes and hurricanes, the exogeneity of trade shocks also carries a strong implication of unpredictability. There is a sizable literature that seeks to account for trade policy activism in terms of insurance motives and, while the insurance motive for trade policy can be rooted in purely self oriented preferences, 11 Suranovic (2000) presents a catalogue of arguments that might be used to justify various trade policy positions as fair or unfair; and Risse (2005) provides an analysis of fairness claims in protection policy. Neither of these is a positive analysis in the sense suggested here-i.e.…”

Section: Fairness In the Domestic Political Economy Of Trade Policymentioning

confidence: 99%

Fairness and the Political Economy of Trade

Davidson¹,

Matusz²,

Nelson³

2014

World Scientific Studies in International Economics

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Section: Fairness In the Domestic Political Economy Of Trade Policymentioning

confidence: 99%

Fairness and the Political Economy of Trade

Davidson¹,

Matusz²,

Nelson³

2014

World Scientific Studies in International Economics

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“…Perfect competition is used as a yardstick to compare with other market structures because it displays high levels of economic efficiency. In both the short and long run, price is equal to marginal cost (P=MC) and therefore allocative efficiency is achieved -the price that consumers are paying in the market reflects the factor cost of resources used up in producing the good or service (Suranovic, 2009). Productive efficiency occurs when price is equal to average cost at its minimum point.…”

Section: The Economics Of Distortionsmentioning

confidence: 99%

“…The long run of perfect competition, therefore, exhibits optimal levels of static economic efficiency. There is also another form of economic efficiency -dynamic efficiency -which relates to aspects of market competition such as the rate of innovation in a market, the quality of output provided over time (Suranovic, 2009). …”

Section: The Economics Of Distortionsmentioning

confidence: 99%

The Economics of Distortions and the Problem of Measurability: Evidence from Nigeria

Effiom¹,

Samuel²,

Okon³

2012

AJBM

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The Nigerian economy has been characterized by various forms of distortions, mostly structural, arising from dysfunctional institutions and incentive systems. Distortions and imperfections generally mean any deviation from the assumptions of perfect competition. The degree to which a market or industry can be described as competitive depends in part on the ease with which new businesses can enter and exit a particular market in the long run. This paper therefore is burdened with the objective of examining the extent of this digression. Through a descriptive methodology, it provides a theoretical basis through which these distortions can be measured, and its findings establishes evidences of distortions in the Nigerian economy across various sectors including the power/energy, financial and the banking sectors. Specific and wider implications on the Nigerian as well as the world economy have been highlighted, namely the exportation of these distortionary tendencies to the rest of Africa and the world via the oil nexus.

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“…So, we begin by looking at fairness principles themselves to see what light might be shed by such a review, before turning to their application. And while fairness has, of course, been the subject of much philosophical debate in general, it has also been the subject of discussion specifically in relation to international trade (Brown & Stern 2007, Davidson et al 2006, de Jasay 2006, Franck 1995, Maseland & de Vaal 20022003, Narliker 2006, Ochieng 2007, Suranovic 2000. Much of this originates in the economics literature, from which three points are worth noting immediately.…”

Section: Assessing Fairness In International Tradementioning

confidence: 99%

“…On the procedural side, Suranovic (2000), amongst the seven fairness principles that he derives, 18 gives four that relate to procedural fairness. These are non-discrimination fairness (where, if one group is allowed to take some action, then all other groups deemed to be equal should be similarly allowed -ibid.…”

Section: Assessing Fairness In International Tradementioning

confidence: 99%

Fairness in International Trade: The Case of Economic Partnership Agreements

Moore

2010

Fairness in International Trade

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The full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. AbstractThis chapter begins by setting out the background to international trade relations between the European Commission and developing countries before turning to look at Economic Partnership Agreements (EPAs) themselves in more detail and the effects that have been predicted on the developing countries if EPAs were to be introduced in the way envisaged. The chapter then comments briefly on a "Stop EPAs" campaign that has been run by NGOs for a number of years, before presenting and commenting on the current position showing which EPAs have been signed. The literature on fairness in international trade is then reviewed and, to some extent, extended and applied to the case of EPAs. Conclusions which, as might be predicted, are somewhat tentative, but do raise some new issues are then drawn.

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A Positive Analysis of Fairness with Applications to International Trade

Cited by 28 publications

References 4 publications

Fairness and the Political Economy of Trade

Fairness and the Political Economy of Trade

The Economics of Distortions and the Problem of Measurability: Evidence from Nigeria

Fairness in International Trade: The Case of Economic Partnership Agreements

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