|Publication type:||Article in scientific journal|
|Type of review:||Peer review (publication)|
|Title:||On the welfare equivalence of tariffs and quotas under duopoly|
|Published in:||Swiss Journal of Economics and Statistics|
|Publisher / Ed. Institution:||Springer|
|Subjects:||Duopol; Importquote; Theorie; Zoll; Wohlfahrtsanalyse|
|Subject (DDC):||330: Economics|
|Abstract:||It is shown that the equivalence of tariffs and quotas is not valid if one defines equivalence in terms of welfare. In a duopoly where a home and a foreign firm compete on a domestic market, an optimal quota leads to a lower welfare than an optimal tariff. Still, any import quantity can be achieved either by a quota or an appropriately chosen tariff. Furthermore we show that moving from autarchy to free trade may reduce welfare.|
|Fulltext version:||Published version|
|License (according to publishing contract):||Licence according to publishing contract|
|Departement:||School of Management and Law|
|Organisational Unit:||Institute of Public Management (IVM)|
|Appears in collections:||Publikationen School of Management and Law|
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