However, when there is a large non-tradable goods sector much of the resources would also be drawn out of this sector.
There are two countries, each of which specializes in the production of one tradable good.
For example, consider the case in which maize is tradable (its price is exogenous) and there is only one missing market, that of labour.
We find evidence of threshold cointegration mainly for tradable goods.
At the same time that governments cut back on subsidies, they could issue a limited number of tradable fishing rights to individual fishermen.
The default distributional (equity) impacts of typical tax and tradable permit policies differ significantly.
Economic efficiency suggests tradable permit systems that can both cap total pumping and allow flexibility in use patterns over time.
First, approximately two-thirds of the gains from tradable water rights are captured with a spot market alone.
