Trade Policy with Heterogeneous Traders: Do Quotas Get a Bum Rap?
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This paper considers the effects of trade policy--tariffs and quotas--when importing is done by competitive traders who are identical ex ante but differ ex post. We show that the standard equivalence results no longer hold and the conventional ranking of tariffs and quotas is turned on its head:
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美国国家经济研究局创建时间：
2007-04-01
