Todorova, Tamara; Kalchev, Georgi - In: Foreign Trade Review 50 (2015) 2, pp. 85-98
We argue that at the level of the national economy, an import quota transforms national welfare in the form of … government revenues and consumer surplus into producer surplus to the domestic monopolist protected by the quota. An import quota … import quota causes substantive welfare losses to the importing economy imposing it. We demonstrate graphically that under …