Baumol–Tobin and the welfare costs of national security border delays

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• 作者：Hui Huang ; John Whalley
• 关键词：National security border delays ; Trade implications ; Baumol– ; Tobin inventory models ; Behavioural response
• 刊名：Economics Letters
• 出版年：2008
• 期刊代码：9_01651765
• 类别：eco
• 出版时间：May 2008
• 卷：99
• 期：2
• 页码：290-292
• 文件大小：112 K

摘要

We analyze the economic costs of national security related border delays in a Baumol–Tobin inventory theoretic framework. We show that there are social costs induced by behavioural responses to the delays, in addition to time costs at the border.