Economist Abba Lerner once proposed a tariff on oil imports equal to 100 percent of the import
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Economist Abba Lerner once proposed a tariff on oil imports equal to 100 percent of the import price. This tariff would be designed to reduce dependence on foreign sources as well as to discourage OPEC from raising prices (since, due to the tariff, the delivered price would rise twice as much as the OPEC increase). Should this proposal become public policy? Why or why not?
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Related Book For
Environmental And Natural Resource Economics
ISBN: 9781032101187,9781000892185
12th Edition
Authors: Tom Tietenberg, Lynne Lewis
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