Quotas and the second best
This note makes two observations about trade restrictions on subgroups of commodities. First, unlike tariffs, unalterable quotas provide no second-best justification for general restrictions. Second, the optimal allocation of intra-subgroup trade depends on the form of restraint imposed.
Gespeichert in:
| Veröffentlicht in: | Economics letters 1985, Vol.18 (1), p.67-70 |
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| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Online-Zugang: | Volltext |
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| Zusammenfassung: | This note makes two observations about trade restrictions on subgroups of commodities. First, unlike tariffs, unalterable quotas provide no second-best justification for general restrictions. Second, the optimal allocation of intra-subgroup trade depends on the form of restraint imposed. |
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| ISSN: | 0165-1765 1873-7374 |
| DOI: | 10.1016/0165-1765(85)90081-3 |