Trade Policy with Heterogeneous Traders : Do Quotas Get a Bum Rap?

Do Quotas Get a Bum Rap?

Trade Policy with Heterogeneous Traders : Do Quotas Get a Bum Rap?
This paper considers the effects of trade policy-tariffs and quotas-when importing is done by competitive traders who are identical ex ante but differ ex post. We show that the standard equivalence results no longer hold and the conventional ranking of tariffs and quotas is turned on its head: quotas are not as bad for welfare as previously... READ MORE...

Publication date: April 2007
ISBN 9781451866568
$18.00

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