Csaplar Jr., Wilfrid W - In: Review of International Economics 3 (1995) 3, pp. 355-65
This paper uses a two-country, two-good, conjectural-variations model of trade to show that a quota war will not end in autarky as Rodriguez (1974) and Tower (1975) concluded. Since both countries expect retaliatory responses to reductions in their quotas, both countries are willing to stop the...