Recent rounds of GATT and later WTO have advocated widespread tariffication, meaning that existing non-tariff barriers be converted into import equivalent tariffs. From an economic point of view, the effects of such tariffication are not entirely clear. The paper presents a trade model with monopolistic competition to examine the welfare effects of tariffication. The ranking of pre- and post-tariffication ...
About the end of 2006, Microsoft began delivering its new Windows Vista PC operating system to large commercial customers, followed by final users and small businesses. Even before the product reached the market, the dominant provider of PC operating systems worldwide was accused over and over of abusing its market power in order to hinder competitors. After the integration of Internet Explorer (Windows ...