INCENTIVE COMPATIBLE MECHANISM DESIGN OF CUSTOM POLICY FOR COMPLEX SOCIAL CHOICE FUNCTION

The paper focuses on the design of state customs policy as to unique foreign product for traditional simple and proposed complex social choice functions. The comparative analysis of both models demonstrates the advantages of the complex function, which considers the welfare of domestic consumers. Th...

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Bibliographic Details
Published in:Aktualʹni problemy ekonomiky 2014-06 (156), p.478
Main Author: Kobets, Vitaliy M
Format: Article
Language:English
Subjects:
Comparative analysis
Customs regulations
Imports
Product choice
Studies
Online Access:Get full text
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Summary:The paper focuses on the design of state customs policy as to unique foreign product for traditional simple and proposed complex social choice functions. The comparative analysis of both models demonstrates the advantages of the complex function, which considers the welfare of domestic consumers. The proposal for state policy of reducing customs duty for unique foreign product under incentive compatible mechanism design is substantiated.
ISSN:1993-6788