Viner Model
[for 0 < t (B) < t (A) ; Standard Trade Model for t (B) = 0]
Inputs
World Price
Tariff A: Imp (+); Exp (-)
Tariff B
Country A
S: Slope
S: Ordinate intercept
D: Slope (absolute)
D: Ordinate intercept
Outputs Country A
Price: P (A)
S-quantity
D-quantity
Imports
Exports
CS
PS
Tariff revenue
N.B.
Autarky price
Autarky quantity
Outputs Country A
Welfare comparison
Total welfare
∆: Tariff policy vs. Free trade
Loss, ps. (-)
Loss, cs. (-)
∆: FTA vs. Tariff policy
TC, ps. (Gain +)
TC, cs. (Gain +)
TD (Loss -)
N.B.
Tariff rate t (A)
%