Jørgensen, Jan; Schröder, Philipp - In: Canadian Journal of Economics 38 (2005) 1, pp. 228-241
Actual trade and tariff policy prefers ad valorem tariffs to specific tariffs. Yet in this paper we show that, in a setting of monopolistic competition, realizing a given restriction on imports via a specific tariff would generate more consumer utility than obtaining the same restriction via an...