search query: @author Fung, K. C. / total: 3
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| Author: | Fung, K. C. |
| Title: | Tariffs, quotas, and international oligopoly. |
| Journal: | Oxford Economic Papers
1989 : OCT, VOL. 41:4, p. 749-757 |
| Index terms: | TARIFFS IMPORT QUOTAS OLIGOPOLY |
| Language: | eng |
| Abstract: | Many articles dealing with international oilgopoly focus on the firms playing price-setting games, instead of concentrating on the market structure where firms engage in quantity-setting behaviour. The effects of tariffs and quotas are compared under different duopolistic market structures. It is shown that the equivalence of tariffs and quotas depends on the nature of the interactions between the home firm and the foreign firm. If the firms are Cournot-Nash producers, tariffs and quotas are equivalent. But if the firms behave like Stackelberg or Consistent Conjecture duopolists, a quota will induce a switching of the domestic conjectural variation which leads to non-equivalence. |
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