This paper analyzes some aspects of the effects of trade restrictions (such as tariffs, quotas and quality controls … reasonable characterizations of demand - tariffs are shown to dominate quotas on the basis of their revenue effects alone, while … quotas are shown to dominate tariffs on the basis of their quality effects alone. Also, quality controls are shown to …

We provide a novel (and old) argument for the nonequivalence of tariffs and quotas, based on the famous paper by … Hotelling (1931). Unlike tariffs, quantitative restrictions are inherently dynamic. As long as the foreign exporter earns …

method and if cross-border externalities exist, import quotas are in some cases preferable to tariffs. Otherwise, however …, tariffs are preferable to quotas …

In a model with cost-based informational asymmetry and trade policy determined endogenously, we show that tariffs and … follows from this difference in their sensitivities. The model is benchmarked so that under complete information tariffs and …