Matsumura, Toshihiro; Okumura, Yasunori - In: Journal of Economics 113 (2014) 2, pp. 125-132
We revisit the classic discussion of the comparison between tax and quota, but in a free-entry Cournot oligopoly. We investigate a quantity ceiling regulation as a quota policy. We find that tariff-quota equivalence holds if the firms are symmetric and the number of firms is given exogenously....