Journal Article

Import Restrictions in the Presence of a Health Risk: An Illustration Using FMD

Philip L. Paarlberg and John G. Lee

in American Journal of Agricultural Economics

Published on behalf of Agricultural and Applied Economics Association

Volume 80, issue 1, pages 175-183
Published in print February 1998 | ISSN: 0002-9092
Published online February 1998 | e-ISSN: 1467-8276 | DOI: http://dx.doi.org/10.2307/3180279
Import Restrictions in the Presence of a Health Risk: An Illustration Using FMD

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We present a simple model linking infection risk from imports to a tariff. The risk causes the exporter of the infected product to face a higher tariff than would otherwise be the case. A numerical example is developed for U.S. beef imports from nations with Foot-and-Mouth Disease (FMD). The additional tariffs are sensitive to the specification of risk and the expected magnitude of loss due to an FMD outbreak. For a low risk of importing FMD, the tariffs levied against the exporter of FMD-infected beef are not prohibitive but become so as the risk or expected output loss rises.

Keywords: Foot-and-Mouth Disease; GATT; trade policy; F130; Q170

Journal Article.  0 words. 

Subjects: International Trade ; Agricultural Economics

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