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Title: |
Tariffs versus Ratio Quotas under Oligopoly |
| Author: |
Karikari, John
A. |
| Author
Affiliation: |
U Tulsa |
| Source: |
International Economic Journal, Autumn 1992, v. 6, no. 3, pp. 43-48 |
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Publication Date: |
Autumn 1992 |
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Abstract: |
This paper reexamines the equivalence of
tariffs and ratio quotas using a model of oligopoly of domestic firms
and foreign firms. It is shown that the equivalence of tariffs and ratio
quotas depends very much on the conduct of the domestic firms; thus, the
market behavior of the domestic firms over consumers influences the
results. It is also shown that ratio quotas and volume quotas are not
necessarily nonequivalent. The duopoly results of the previous studies
can be obtained as special cases of the results in this paper. |
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