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Tariff preference |
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Tariff preferenceA lower (or zero) tariff on a product from one country than is applied to imports from most countries. This violation of the MFN principle is permitted in special cases, including some preferential trade arrangements and the GSP.Similar MatchesIdentical preferencesIdentical preferencesThe assumption that individuals -- either within a country or in different countries -- have the same preferences. To be useful, since individuals' and countries' incomes may differ, the assumption is often used together with homothetic preferences. Preference for varietyPreference for varietyThe increased utility that people experience when they have access to a larger number of differentiated product varieties. In reality this may reflect their ability to find products more closely suited to their own particular needs, but as modeled in the Dixit-Stiglitz utility function, they are better off consuming small quantities of each of a larger number of products. Tax preference itemTax preference itemItems that must be included when calculating the alternative minimum tax. Stepped preference sharesStepped preference sharesPreference shares with dividends which increase annually by a specified amount and with a predetermined capital return. Cumulative preference sharesCumulative preference sharesWhen a company fails to pay a dividend, holders of cumulative preference shares are entitled to receive this missed payment when a dividend is next declared. This rule is cumulative and they are also entitled to the current dividend provided sufficient cash is available. These payments receive priority over the claims of ordinary shareholders. Further SuggestionsPreferencesHomothetic preferences redeemable preference shares Revealed preference Weak axiom of revealed preference Preference stock preference shares Community preferences Generalized System of Preferences Loan Preference Principle participating preference shares Liquidity preference hypothesis Involuntary liquidation preference Preference share |
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