Template-Type: ReDIF-Article 1.0
Author-Name:  S. Fred Singer
Title:  VIF Vivit: Reply to Henderson
Classification-JEL: F0
Pages:  171-172
Volume:  Volume 10
Issue:  Number 4
Year:  1989
Abstract:  Henderson's main conclusions are incorrect. Oil is a fungible substance, and therefore price discrimination is not possible. (Some argue, however, that there is evidence the world oil market is segmented, and that a degree of price discrimination therefore is possible; Weiner, 1984). Consequently, a variable import fee (VIF) imposed on imported oil will shield the US economy from short-lived price collapses, as intended - and at the same time garner modest revenues for the Treasury.
Handle: RePEc:aen:journl:1989v10-04-a11
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=1979
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