“Power-Based” Bargaining Over Trade: What Has Been the Economic Cost?

The U.S.-China trade war represents a natural experiment in the sense that we have not seen such wide-ranging increases in tariffs since the 1930s, when Congress passed the Smoot-Hawley Tariff Act (Bown and Zhang, 2019).  Not surprisingly, applied trade economists…

“Power-Based” Bargaining Over Trade: Myopic Behavior by the United States?

Analysis of the current administration’s trade policy choices has typically interpreted them in terms of a zero-sum game, i.e., rather than generating mutual benefits in a positive-sum game, international trade is a game where economically, one country is a winner…

How Big are the Damages from Algal Blooms for Beaches and Fishing in Lake Erie?

By Brent Sohngen (sohngen.1@osu.edu) A consulting company, Key-Log Economics has just released a report estimating the economic benefits from phosphorus reductions in Lake Erie (http://www.keylogeconomics.com/lakeerievalue.html).  This report adds up estimates from a variety of studies and attempts to calculate a…

Carbon tax or Green New Deal?

Published in Columbus Dispatch, March 15, 2019 by Brent Sohngen Ohioans are about to get another taste of carbon taxes if legislators approve some amount of a gasoline-tax increase as proposed by Gov. Mike DeWine. The legislature will never call…

What does “reciprocity” in trade negotiations actually mean?

Among several issues raised by the Administration’s unfolding approach to trade policy, one really caught my eye last week when Representative Sean P. Duffy of Wisconsin proposed granting the President new executive powers to raise tariffs on U.S. imports, stating…

Carbon Taxes?

Well, Tim, I would agree that a national carbon tax would be a good addition to our set of climate policy tools, but let’s be realistic about what it will accomplish.  A carbon tax of $50 per ton CO2 amounts…

Common Sense on P Pollution

Post by Brent Sohngen (Sohngen.1@osu.edu) Gov. John Kasich recently fired his director of the Ohio Department of Agriculture over concerns about water quality. One of the things the former director, David Daniels, said to The Dispatch in a recent article…