Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
A key proposition of the emerging body of strategic trade theory is that a country may gain from an export subsidy. The positive and normative interest of this result hinges on the neglected question of whether there exist alternative policies which yield even greater gains. This paper shows that price controls can achieve benefits which are never less and, on plausible assumptions, are strictly greater than are possible with an export subsidy. Copyright 1989 by Royal Economic Society.