Tariffs vs. Quotas as Revenue Raising Devices under Uncertainty.

This article examines the relative merits of tariffs and quotas as revenue raising devices in the presence of economic uncertainty. It has long been recognized that, provided the government auctions off the quota, the optimum pure tariff and the optimum pure quota are equivalent in a competitive wor...

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Bibliographic Details

Published in:	American Economic Review Vol. 67; no. 5; pp. 975 - 982
Main Authors:	Dasgupta, Partha, Stiglitz, Joseph
Format:	Article
Published:	American Economic Association Dec77
Subjects:	Tariff Import quotas Commercial policy Revenue International trade
Online Access:	View this record in EBSCOhost