Krishna, Kala; Tan, Ling Hui - In: Journal of International Economics 80 (2010) 2, pp. 271-279
This paper revisits the effects of tariffs and quotas in a competitive setting where three results are thought to hold. These are: that quotas are equivalent to specific tariffs, the form of tariffs--specific or ad valorem--does not matter, and that the way in which a quota is allocated has no...