Keyword: trade protection
No Chicken Feet! (1/3/2013)
Chicken feet, long considered a waste product in the US, have become a profit center for the high-volume low-profit US chicken industry in the China export market. But this export trade is not exempted from political whims.
Keywords: byproduct, chicken feet, China, comparative advantage, culture, export, fixed cost, inferior good, tariff, trade protection, US
The Logic of Collective Action (12/21/2001)
Narrow special interests are often more politically powerful because they are easier to organize and the benefits of membership exceed the cost of participation.
Keywords: collective action, consumer lobbies, free rider, free-ridership, group membership, import quotas, organization costs, participation, pluralism, producer lobby, special interests, tariffs, trade protection
What Makes Rights? (12/21/2001)
Temporary property rights created out of sympathy or a preference for insiders over outsiders might become politically entrenched.
Keywords: assistance, capitalization, Coke, compensation, delayed adjustment, disaster, factoring, lobby, Pepsi, presumed right, property right, steel, swing states, swing vote, sympathy, trade protection, vested interests