The author outlines a classroom tariff setting game that allows students to explore the consequences of import tariffs imposed by large countries (countries able to influence world prices). Groups of students represent ...

Bonus point systems are a popular tournament design feature in some sports. We consider a bonus point system for the Australian Football League (AFL). In this paper, we utilise league points as a measure of team strength ...

This note considers the extension of the Kemp-Wan theorem on necessarily welfareimproving customs unions to free trade areas. It suggests that the value of this extension is undermined by its very rationale – the greater ...

Bonus points provide a simple way to improve the accuracy of league standings. We investigate the inclusion of bonuses in the National Football League (NFL) using a prediction model built on league points. Both touchdown-based ...

Competition points are awarded in sports events to determine which participants qualify for the playoffs or to identify the champion. We use competition points to measure strength in a prediction model and choose competition ...

Increased wage inequality has been a sensitive policy issue in OECD economies in recent decades. A shortcoming in the literature investigating its causes, especially with regard to the role of new technology, is that ...

Trade liberalisation has gained momentum in recent decades due to the increased popularity of free trade areas and the continued progress of multilateral liberalisation via the World Trade Organisation (WTO). We analyse ...

We investigate the consequences for New Zealand of the formation of various freetrade areas (FTAs) involving New Zealand, Australia and Japan using a computable general equilibrium model of global production and trade. We ...

The extent to which rising wage inequality in developed nations can be attributed to increased North-South trade has been a contentious issue over the last 20 years or so. We contribute to the debate by outlining a new ...

We estimate tariff equivalents (TEs) of non-tariff barriers (NTBs) using a series of gravity equations. Our analysis focuses on New Zealand, a nation that has a comprehensive free trade agreement (with Australia) that can ...