Download 33. H. Hwang, JC Liu and CC Mai, “Price, Profit and Market Share

33. H. Hwang, J. C. Liu and C. C. Mai, “Price, Profit and Market Share Effects
of Tariffs, Volume Quotas and Ratio Quotas”, Manchester School, Vol. 55,
No. 3, Sep. 1987, pp. 274-286. (SSCI)
Abstract
This paper uses a dominant-firm, price-leadership model to compare the
equilibrium prices, profits, and market shares under a tariff, a volume quota, and
a ratio quota. It will be shown that in general the three alternative trade
restrictions do not lead to the same equilibrium values for all of these variables.
Copyright 1987 by Blackwell Publishers Ltd and The Victoria University of
Manchester