메뉴 건너뛰기




Volumn 78, Issue 1, 2009, Pages 154-167

The effects of loss aversion on trade policy: Theory and evidence

Author keywords

Anti trade bias; Lobby formation; Loss aversion; Protection; Trade policy

Indexed keywords

ESTIMATION METHOD; INTERNATIONAL TRADE; PROFITABILITY; PROTECTIONISM; REGRESSION ANALYSIS; TRADE PERFORMANCE; TRADE POLICY;

EID: 67349158060     PISSN: 00221996     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jinteco.2009.01.012     Document Type: Article
Times cited : (85)

References (50)
  • 2
    • 0039739798 scopus 로고    scopus 로고
    • Mental accounting, loss aversion, and individual stock returns
    • Barberis N., and Huang M. Mental accounting, loss aversion, and individual stock returns. Journal of Finance 56 (2001) 1247-1292
    • (2001) Journal of Finance , vol.56 , pp. 1247-1292
    • Barberis, N.1    Huang, M.2
  • 4
    • 84906006114 scopus 로고
    • Myopic loss aversion and the equity premium puzzle
    • Benartzi S., and Thaler R.H. Myopic loss aversion and the equity premium puzzle. Quarterly Journal of Economics 110 (1995) 73-92
    • (1995) Quarterly Journal of Economics , vol.110 , pp. 73-92
    • Benartzi, S.1    Thaler, R.H.2
  • 5
    • 84963015050 scopus 로고
    • Menu actions, resource allocation, and economic Influence
    • Bernheim D.B., and Whinston M.D. Menu actions, resource allocation, and economic Influence. Quarterly Journal of Economics 101 (1986) 1-32
    • (1986) Quarterly Journal of Economics , vol.101 , pp. 1-32
    • Bernheim, D.B.1    Whinston, M.D.2
  • 8
    • 0030760092 scopus 로고    scopus 로고
    • The political economy of declining industries: senescent industry collapse revisited
    • Brainard L., and Verdier T. The political economy of declining industries: senescent industry collapse revisited. Journal of International Economics 42 (1997) 221-237
    • (1997) Journal of International Economics , vol.42 , pp. 221-237
    • Brainard, L.1    Verdier, T.2
  • 9
    • 0001035517 scopus 로고
    • Shifting comparative advantage and senescent industry collapse
    • Cassing J., and Hillman A. Shifting comparative advantage and senescent industry collapse. American Economic Review 76 (1986) 516-523
    • (1986) American Economic Review , vol.76 , pp. 516-523
    • Cassing, J.1    Hillman, A.2
  • 13
    • 0000884920 scopus 로고
    • Tariffs as insurance: optimal commercial policy when domestic markets are incomplete
    • Eaton J., and Grossman G. Tariffs as insurance: optimal commercial policy when domestic markets are incomplete. Canadian Journal of Economics 18 (1985) 258-272
    • (1985) Canadian Journal of Economics , vol.18 , pp. 258-272
    • Eaton, J.1    Grossman, G.2
  • 14
    • 0000515718 scopus 로고
    • Resistance to reform: status-quo bias in the presence of individual-specific uncertainty
    • Fernandez R., and Rodrik D. Resistance to reform: status-quo bias in the presence of individual-specific uncertainty. American Economic Review 81 (1991) 1146-1155
    • (1991) American Economic Review , vol.81 , pp. 1146-1155
    • Fernandez, R.1    Rodrik, D.2
  • 15
    • 0000558092 scopus 로고
    • Endogenous tariff, the political economy of trade restrictions and welfare
    • Bhagwati J. (Ed), University of Chicago Press, Chicago
    • Findlay R., and Wellisz S. Endogenous tariff, the political economy of trade restrictions and welfare. In: Bhagwati J. (Ed). Import Competition and Response (1982), University of Chicago Press, Chicago
    • (1982) Import Competition and Response
    • Findlay, R.1    Wellisz, S.2
  • 17
    • 0034419268 scopus 로고    scopus 로고
    • Is protection for sale? Evidence on the Grossman-Helpman theory of endogenous protection
    • Gawande K., and Bandyopadhyay U. Is protection for sale? Evidence on the Grossman-Helpman theory of endogenous protection. Review of Economics and Statistics 82 (2000) 139-152
    • (2000) Review of Economics and Statistics , vol.82 , pp. 139-152
    • Gawande, K.1    Bandyopadhyay, U.2
  • 18
    • 17044421408 scopus 로고    scopus 로고
    • The political economy of trade policy: empirical approaches
    • Harrigan J. (Ed), Basil Blackwell, New York
    • Gawande K., and Krishna P. The political economy of trade policy: empirical approaches. In: Harrigan J. (Ed). Handbook of International Trade (2003), Basil Blackwell, New York
    • (2003) Handbook of International Trade
    • Gawande, K.1    Krishna, P.2
  • 19
    • 0000131204 scopus 로고    scopus 로고
    • Protection for sale: an empirical investigation
    • Goldberg P.K., and Maggi G. Protection for sale: an empirical investigation. American Economic Review 89 (1999) 1135-1155
    • (1999) American Economic Review , vol.89 , pp. 1135-1155
    • Goldberg, P.K.1    Maggi, G.2
  • 20
    • 38249040021 scopus 로고
    • Imports as a cause of injury: the case of the U.S. steel industry
    • Grossman G.M. Imports as a cause of injury: the case of the U.S. steel industry. Journal of International Economics 20 (1986) 201-223
    • (1986) Journal of International Economics , vol.20 , pp. 201-223
    • Grossman, G.M.1
  • 23
    • 0001337211 scopus 로고    scopus 로고
    • Rent dissipation, free riding, and trade policy
    • Grossman G.M., and Helpman E. Rent dissipation, free riding, and trade policy. European Economic Review 40 (1996) 795-803
    • (1996) European Economic Review , vol.40 , pp. 795-803
    • Grossman, G.M.1    Helpman, E.2
  • 24
    • 21344477719 scopus 로고
    • Modeling loss aversion and reference dependence effects on brand choice
    • Hardie B.G., Johnson E.J., and Fader P.S. Modeling loss aversion and reference dependence effects on brand choice. Marketing Science 12 (1993) 378-394
    • (1993) Marketing Science , vol.12 , pp. 378-394
    • Hardie, B.G.1    Johnson, E.J.2    Fader, P.S.3
  • 25
    • 67349164967 scopus 로고    scopus 로고
    • The impact of consumer loss aversion on pricing
    • 4849
    • Heidhues P., and Köszegi B. The impact of consumer loss aversion on pricing. CEPR Discussion Paper (2005) 4849
    • (2005) CEPR Discussion Paper
    • Heidhues, P.1    Köszegi, B.2
  • 26
    • 0000919774 scopus 로고
    • Declining industries and political-support protectionist motives
    • Hillman A.L. Declining industries and political-support protectionist motives. American Economic Review 72 (1982) 1180-1187
    • (1982) American Economic Review , vol.72 , pp. 1180-1187
    • Hillman, A.L.1
  • 27
    • 67349192087 scopus 로고
    • Trade policy for troubled industries, policy analysis
    • Institute for International Economics, Washington, DC
    • Hufbauer G., and Rosen H. Trade policy for troubled industries, policy analysis. International Economics vol. 15 (1986), Institute for International Economics, Washington, DC
    • (1986) International Economics , vol.15
    • Hufbauer, G.1    Rosen, H.2
  • 29
    • 0000125532 scopus 로고
    • Prospect theory: an analysis of decision under risk
    • Kahneman D., and Tversky A. Prospect theory: an analysis of decision under risk. Econometrica 47 (1979) 263-292
    • (1979) Econometrica , vol.47 , pp. 263-292
    • Kahneman, D.1    Tversky, A.2
  • 30
    • 31744450082 scopus 로고
    • Advances in prospect theory: cumulative representation of uncertainty
    • Kahneman D., and Tversky A. Advances in prospect theory: cumulative representation of uncertainty. Journal of Risk and Uncertainty 5 (1992) 297-323
    • (1992) Journal of Risk and Uncertainty , vol.5 , pp. 297-323
    • Kahneman, D.1    Tversky, A.2
  • 31
    • 84936526580 scopus 로고
    • Experimental tests of the endowment effect and the Coase theorem
    • Kahneman D., Knetsch J., and Thaler R.H. Experimental tests of the endowment effect and the Coase theorem. Journal of Political Economy 98 (1990) 1325-1348
    • (1990) Journal of Political Economy , vol.98 , pp. 1325-1348
    • Kahneman, D.1    Knetsch, J.2    Thaler, R.H.3
  • 33
    • 0032997391 scopus 로고    scopus 로고
    • Lobbying and international cooperation in tariff setting
    • Levy P.I. Lobbying and international cooperation in tariff setting. Journal of International Economics 47 (1999) 345-370
    • (1999) Journal of International Economics , vol.47 , pp. 345-370
    • Levy, P.I.1
  • 36
    • 0000955011 scopus 로고
    • The Kennedy round: evidence on the regulation of international trade in the United States
    • Marvel H., and Ray E. The Kennedy round: evidence on the regulation of international trade in the United States. American Economic Review 73 (1983) 190-197
    • (1983) American Economic Review , vol.73 , pp. 190-197
    • Marvel, H.1    Ray, E.2
  • 37
    • 0001374244 scopus 로고    scopus 로고
    • Endogenous lobby formation and endogenous protection: a long-run model of trade policy determination
    • Mitra D. Endogenous lobby formation and endogenous protection: a long-run model of trade policy determination. American Economic Review 89 (1999) 1116-1134
    • (1999) American Economic Review , vol.89 , pp. 1116-1134
    • Mitra, D.1
  • 38
    • 0003081116 scopus 로고
    • The political economy of comparative growth rates
    • Mueller D.C. (Ed), Yale University Press, New Haven
    • Olson M. The political economy of comparative growth rates. In: Mueller D.C. (Ed). The Political Economy of Growth (1983), Yale University Press, New Haven
    • (1983) The Political Economy of Growth
    • Olson, M.1
  • 39
    • 0000481593 scopus 로고
    • Incorporating reference price effects into a theory of consumer choice
    • Putler D.S. Incorporating reference price effects into a theory of consumer choice. Marketing Science 11 (1992) 287-309
    • (1992) Marketing Science , vol.11 , pp. 287-309
    • Putler, D.S.1
  • 40
    • 0001006304 scopus 로고    scopus 로고
    • Risk aversion and expected-utility theory: a calibration theorem
    • Rabin M. Risk aversion and expected-utility theory: a calibration theorem. Econometrica 68 (2000) 1281-1292
    • (2000) Econometrica , vol.68 , pp. 1281-1292
    • Rabin, M.1
  • 43
    • 0027086654 scopus 로고
    • Exporting jobs? The impact of import competition on employment and wages in U.S
    • Revenga A. Exporting jobs? The impact of import competition on employment and wages in U.S. Manufacturing. Quarterly Journal of Economics 107 (1992) 255-284
    • (1992) Manufacturing. Quarterly Journal of Economics , vol.107 , pp. 255-284
    • Revenga, A.1
  • 44
    • 45449123614 scopus 로고
    • Limited information estimators and exogeneity tests for simultaneous probit models
    • Rivers D., and Vuong Q.H. Limited information estimators and exogeneity tests for simultaneous probit models. Journal of Econometrics 39 (1988) 347-366
    • (1988) Journal of Econometrics , vol.39 , pp. 347-366
    • Rivers, D.1    Vuong, Q.H.2
  • 45
    • 77957234851 scopus 로고
    • Political economy of trade policy
    • Grossman G., and Rogoff K. (Eds), North Holland, Amsterdam
    • Rodrik D. Political economy of trade policy. In: Grossman G., and Rogoff K. (Eds). Handbook of International Economics vol. 3 (1995), North Holland, Amsterdam 1457-1495
    • (1995) Handbook of International Economics , vol.3 , pp. 1457-1495
    • Rodrik, D.1
  • 46
    • 51249170896 scopus 로고
    • Estimates of the elasticities of substitution between imports and home goods for the United States
    • Shiells C.R., Stern R.F., and Deardorff A.V. Estimates of the elasticities of substitution between imports and home goods for the United States. Weltwirtschaftliches Archives 122 (1986) 497-519
    • (1986) Weltwirtschaftliches Archives , vol.122 , pp. 497-519
    • Shiells, C.R.1    Stern, R.F.2    Deardorff, A.V.3
  • 49
    • 0027498610 scopus 로고
    • Trade liberalization and the theory of endogenous protection: an econometric study of U.S
    • Trefler D. Trade liberalization and the theory of endogenous protection: an econometric study of U.S. Import Policy. Journal of Political Economy 101 (1993) 138-160
    • (1993) Import Policy. Journal of Political Economy , vol.101 , pp. 138-160
    • Trefler, D.1
  • 50
    • 0001076162 scopus 로고
    • Loss aversion in riskless choice: a reference-dependent model
    • Tversky A., and Kahneman D. Loss aversion in riskless choice: a reference-dependent model. Quarterly Journal of Economics 106 (1991) 1039-1061
    • (1991) Quarterly Journal of Economics , vol.106 , pp. 1039-1061
    • Tversky, A.1    Kahneman, D.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.