Trade policy with endogenous entry revisited
成果类型：
Article
署名作者：
Krishna, Kala; Tan, Ling Hui
署名单位：
Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; National Bureau of Economic Research; International Monetary Fund
刊物名称：
JOURNAL OF INTERNATIONAL ECONOMICS
ISSN/ISSBN：
0022-1996
DOI：
10.1016/j.jinteco.2009.10.003
发表日期：
2010
页码：
271-279
关键词：
摘要：
This paper revisits the effects of tariffs and quotas in a competitive setting where three results are thought to hold These are that quotas are equivalent to specific tariffs, the form of tariffs specific or ad valorem does not matter, and that the way in which a quota is allocated has no real effects as it only affects the allocation of rents, not their size We show that all three of these results are false when entry/exit is endogenous Equivalence holds only if the initial level of entry is set at the long-run level under the quota. (C) 2009 Elsevier B V All rights reserved.