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

This manuscript develops a classroom experiment on international trade that is suitable for undergraduate intermediate … international trade. By imposing tariffs and quotas and altering the structure of the home market from one of perfect competition to … efficiency effects of import tariffs and quotas. …

infinite future. In this paper I analyze the setting of tariffs in a two-country model taking account of adjustment processes … induces policy makers with a short planning horizon to set lower tariffs because it enhances the short run boom following a … cut in tariffs. Monetary policy that aggressively fights deviations from its inflation target leads to even lower tariffs. …

-generating tariffs. This approach allows us to take account of adjustment dynamics, distributional aspects and the time horizon of policy … makers and workers. In response to a unilateral increase in tariffs aggregate consumption increases only sluggishly so that … policy makers with a short time horizon tend to set lower tariffs. Workers' preferences for tariffs depend on the sector …

This paper compares the social welfare effects of tariffs and quotas as strategic trade policy instruments in an …