Trade policy with heterogeneous traders: do quotas get a bum rap?
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: quo...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Series: | Working paper series / National Bureau of Economic Research
13040 |
| Online Access: | Volltext |
| Summary: | 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: quotas are not as bad for welfare as previously believed, while tariffs may restrict trade by more than originally intended. Furthermore, the allocation of property rights (quota licenses) has real effects beyond the distribution of rents; this, in turn, has implications for the effects of corruption on welfare. |
| Physical Description: | 38 S. graph. Darst. 22 cm |
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| physical | 38 S. graph. Darst. 22 cm |
| publishDate | 2007 |
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| spelling | Krishna, Kala 1956- Verfasser (DE-588)130466417 aut Trade policy with heterogeneous traders do quotas get a bum rap? Kala Krishna ; Ling H. Tan Cambridge, Mass. National Bureau of Economic Research 2007 38 S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13040 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: quotas are not as bad for welfare as previously believed, while tariffs may restrict trade by more than originally intended. Furthermore, the allocation of property rights (quota licenses) has real effects beyond the distribution of rents; this, in turn, has implications for the effects of corruption on welfare. Tan, Ling-hui Verfasser (DE-588)133346412 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13040 (DE-604)BV002801238 13040 http://papers.nber.org/papers/w13040.pdf kostenfrei Volltext |
| spellingShingle | Krishna, Kala 1956- Tan, Ling-hui Trade policy with heterogeneous traders do quotas get a bum rap? |
| title | Trade policy with heterogeneous traders do quotas get a bum rap? |
| title_auth | Trade policy with heterogeneous traders do quotas get a bum rap? |
| title_exact_search | Trade policy with heterogeneous traders do quotas get a bum rap? |
| title_exact_search_txtP | Trade policy with heterogeneous traders do quotas get a bum rap? |
| title_full | Trade policy with heterogeneous traders do quotas get a bum rap? Kala Krishna ; Ling H. Tan |
| title_fullStr | Trade policy with heterogeneous traders do quotas get a bum rap? Kala Krishna ; Ling H. Tan |
| title_full_unstemmed | Trade policy with heterogeneous traders do quotas get a bum rap? Kala Krishna ; Ling H. Tan |
| title_short | Trade policy with heterogeneous traders |
| title_sort | trade policy with heterogeneous traders do quotas get a bum rap |
| title_sub | do quotas get a bum rap? |
| url | http://papers.nber.org/papers/w13040.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT krishnakala tradepolicywithheterogeneoustradersdoquotasgetabumrap AT tanlinghui tradepolicywithheterogeneoustradersdoquotasgetabumrap |