A Classroom Experiment on Import Tariffs and Quotas Under Perfect and Imperfect Competition
نویسندگان
چکیده
منابع مشابه
Valuation of New Goods under Perfect and Imperfect Competition
The Consumer Price Index (CPI) attempts to answer the question of how much more (or less) income does a consumer require to be as well off in period 1 as in period given changes in prices, changes in the quality of goods, and the introduction of new goods (or the disappearance of existing goods). The CPI has not attempted to estimate the effect of the introduction of new goods, despite the reco...
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We consider optimal trade policy for a large country with private information. We show that the optimal tariff leads to a signaling equilibrium with higher tariffs and lower welfare than under complete information, whereas the optimal import quota replicates the complete information equilibrium and thus is superior to the tariff. We also show that, with the tariff, the country may be better off...
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Optimal tariffs and quotas are comgared for a large country under uncertainty. If the import supply schedule has constant elastjcity and is subject to multiplicative uncertainty and domestic demand is random then the optimal policy is a fixed +.d valorem tariff. If the supply schedule has constant elasticity but this elasticity is random then the optimal tariff is superior to the optimal quota....
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1703168