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- W3125597243 abstract "The paper compares tariffs and import quotas when the home firm has private information about its true cost and the government offers incentive contracts to extract this information. We highlight the role of underlying market structure in determining the ranking of the two policy instruments. Our results show that quotas are at least as efficient as tariffs in implementing the optimal level of protection and strictly more for a wide range of market structures. The exact condition for this is identified. Welfare-based ranking of the two instruments follows from this." @default.
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- W3125597243 date "2004-02-05" @default.
- W3125597243 modified "2023-09-27" @default.
- W3125597243 title "Market Structure and Trade Policy under Asymmetric Information" @default.
- W3125597243 hasPublicationYear "2004" @default.
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