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A Note on the Distinction between Tariffs and Quotas.

Within the standard two-country, two-commodity competitive trade model, the proposition that each import quota has a tariff equivalent has received some attention in the trade protection literature. This note examines the converse result, and shows that inelasticity in the foreign offer curve can al...

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Published in:Economica Vol. 42; no. 167; pp. 319 - 327
Main Author: Falvey, Rodney E.
Format: Article
Published: Wiley-Blackwell Aug75
Subjects:
Inelastic demand
Elasticity (Economics)
Economic demand
Demand function
Imports
Tariff
Commercial policy
Online Access:View this record in EBSCOhost