Tariffs, Quotas, and International Oligopoly
This paper compares the effects of tariffs and quotas in the presence of quantity-setting international duopolists. With the Cournot-Nash case, a tariff is equivalent to a quota; but with the Stackelberg and consistent conjecture cases, a quota will induce a switching of the domestic conjectural variation and is found to be not equivalent to a tariff. Copyright 1989 by Royal Economic Society.
Volume (Year): 41 (1989)
Issue (Month): 4 (October)
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