On the Equivalence of Tariffs and Quotas under Duopoly: A Conjectural Variation Approach

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Title:	On the Equivalence of Tariffs and Quotas under Duopoly: A Conjectural Variation Approach
Authors:	麥朝成;Mai, Chao-cheng;Hwang, Hong
Contributors:	淡江大學產業經濟學系
Date:	1988-05
Issue Date:	2011-09-29 10:52:20 (UTC+8)
Publisher:	Elsevier
Abstract:	The purpose of this paper is to use a conjectural variation approach to examine the equivalence of tariffs and quotas, set so as to result in the same equilibrium quantity of imports. We have demonstrated that whether tariffs and quotas are equivalent depends crucially upon the particular value of the conjectural variations. Specifically, in the case of equal import tariffs and quotas, the equivalence holds only in the Cournot case; otherwise the domestic price is lower or higher under quotas depending upon whether competition is less or more competitive than Cournot.
Relation:	Journal of International Economics 24(3-4), pp.373-380
DOI:	10.1016/0022-1996(88)90044-X
Appears in Collections:	[Graduate Institute & Department of Industrial Economics] Journal Article

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