Title
A Second Elementary Proposition Concerning:The Formation of Customs Unions
Abstract
The conclusions of the 1976 Kemp-Wan proposition are shown to be substantially valid even if all tariff vectors, both pre-union and post-union, are optimally chosen.
JEL classification: F02; F12; F13; F15
Murray C. KEMP
University of New South Wales
Koji SHIMOMURA
Research Institute for Economics and Business Administration
Kobe University
Rokkodai-cho, Nada-ku, Kobe
657-8501 Japan
Phone: (81) 78 803 7036
Fax: (81) 78 803 7059