Simultaneous reform of tariffs and quotas
This paper presents a general result for simultaneous reform of tariffs and quotas in a small open economy, where some of the quota rents do not accrue to domestic residents. Absent highly perverse income effects, welfare must rise following a uniform proportionate reduction in tariffs and a uniform...
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| Format: | Journal article |
| Language: | English |
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Blackwell Publishing
2007
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