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Why is Trade Reform so Unpopular? On Status Quo Bias in Policy Reforms

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NBER1990-02-01 更新2025-01-04 收录
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Despite the well-known gains from trade, trade liberalization is politically one of the most contentious actions that a government can take. We propose and formalize a new argument, having to do with uncertainty, which is complementary to the usual explanations for why that is the case; many

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1990-02-01
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