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dc.contributor.authorWinchester, Nivenen_NZ
dc.date.available2011-04-07T03:05:42Z
dc.date.copyright2004-01en_NZ
dc.identifier.citationWinchester, N. (2004). Classroom tariff wars: a tariff setting game (Economics Discussion Papers Series No. 401). University of Otago. Retrieved from http://hdl.handle.net/10523/941en
dc.identifier.urihttp://hdl.handle.net/10523/941
dc.description.abstractThis paper 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 countries, which are organised into trading pairs. Each group’s objective is to maximise welfare by choosing an appropriate ad valorem tariff. The game is built on a computable general equilibrium model, which allows each nation’s utility and terms of trade under alternative tariff regimes to be expressed quantitatively. The exercise encourages students to consider terms of trade improvements and efficiency losses resulting from large-country tariffs and provides a backdrop to discuss the Nash equilibrium of a tariff war. Feedback from students who have participated in trial simulations indicates that the game is a useful supplement to traditional teaching methods.en_NZ
dc.format.mimetypeapplication/pdf
dc.publisherUniversity of Otagoen_NZ
dc.relation.ispartofseriesEconomics Discussion Papers Seriesen_NZ
dc.relation.urihttp://www.business.otago.ac.nz/econ/research/discussionpapers/DP0401.pdfen_NZ
dc.subject.lcshHB Economic Theoryen_NZ
dc.titleClassroom tariff wars: a tariff setting gameen_NZ
dc.typeDiscussion Paperen_NZ
dc.description.versionUnpublisheden_NZ
otago.bitstream.pages11en_NZ
otago.date.accession2006-02-03en_NZ
otago.schoolEconomicsen_NZ
otago.openaccessOpen
otago.place.publicationDunedin, New Zealanden_NZ
dc.identifier.eprints226en_NZ
otago.school.eprintsEconomicsen_NZ
dc.description.referencesHolt, C.A., and Capra, M., 2003. Classroom games: a prisoner’s dilemma. Journal of Economic Education, 31 (Summer), pp. 229-36. Krugman, P.R., and Obstfeld, M., 2003. International economics: theory and policy. 6th ed. Boston: Addison Wesley. Yarbrough, B.V, and Yarbrough, R.M., 2003. The world economy: trade and finance. 6th ed. Mason, Ohio: South-Western/Thomson Learning.en_NZ
otago.relation.number401en_NZ
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