GAUDET, Gérard; SALANT, Stephen W. - Département de Sciences Économiques, Université de … - 2002
Analyses of trade quotas typically assume that the quota restricts the flow of some nondurable good. Many real-world quotas, however, restrict the stock of durable imports. We consider the cases where (1) anyone is free to export against such quotas and where (2) only those allocated portions of...