PRICE, PROFIT AND MARKET SHARE EFFECTS OF TARIFFS, VOLUME QUOTAS AND RATIO QUOTAS
Journal
The Manchester School
Journal Volume
55
Journal Issue
3
Pages
274-286
Date Issued
1987
Author(s)
Abstract
This paper uses a dominant-firm, price-leadership model to compare the equilibrium prices, profits, and market shares under a tariff, a volume quota, and a ratio quota. It will be shown that in general the three alternative trade restrictions do not lead to the same equilibrium values for all of these variables. Copyright 1987 by Blackwell Publishers Ltd and The Victoria University of Manchester
SDGs
Type
journal article