MARC Record from Library of Congress

LEADER: 02246nam a22002897a 4500
001 2006619557
003 DLC
005 20060628152557.0
007 cr |||||||||||
008 060628s2006 mau sb 000 0 eng
010 $a 2006619557
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aHuang, Hui.
245 10 $aBaumol-tobin and the welfare costs of national security border delays$h[electronic resource] /$cHui Huang, John Whalley.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2006.
490 1 $aNBER working paper series ;$vworking paper 12296
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 6/28/2006.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"The implications of national security related procedures for trade flows at border points in OECD countries has become a major topic of commentary in popular press. We discuss whether the economic costs of border delays are represented solely by time spent in awaiting processing. This has been the basis of calculations in Canada-US-Ontario (2004) and Ontario Chamber of Commerce (2004, 2005) of advalorem equivalent tariff representations of the time delays involved. While time can be a significant part of the social cost of security related delays in customs clearance, added costs also arise from the behavioral response to delays and looking only at the time delays at the border can be misleading. We use a formulation where border delays occur with certainty and add to the fixed costs of importing in any period. We develop analytics for the case where there is endogeneity both in the frequency of transactions and in the size of individual transactions across the border in the tradition of the well known Baumol (1952) and Tobin (1952) inventory theoretical analysis of the demand for money"--National Bureau of Economic Research web site.
700 1 $aWhalley, John.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 12296.
856 40 $uhttp://papers.nber.org/papers/w12296