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Tariff-Quota Non-Equivalence In a Competitive General Equilibrium Framework

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journal contribution
posted on 05.06.2017, 06:47 authored by Choi, E. Kwan, Marjit, Sugata
We construct a standard multi-sector, multi-factor general equilibrium model, with goods outnumbering factors to argue that in such a general structure, tariff and quota can have drastically different impacts on trade patterns. This result casts doubt on one of the fundamental results in the theory of commercial policy.

History

Year of first publication

1997

Series

Department of Economics.

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