Tariffs vs. Quotas with Implicit Collusion (Classic Reprint) - Couverture souple

Rotemberg, Julio

9781334431517: Tariffs vs. Quotas with Implicit Collusion (Classic Reprint)

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ISBN 10 : 1334431515 ISBN 13 : 9781334431517

Editeur : Forgotten Books, 2018

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�diteur: Forgotten Books
Date d'�dition: 2018
Langue: anglais
ISBN 10: 1334431515
ISBN 13: 9781334431517
Reliure: Broch�
Nombre de pages: 30
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Tariffs Vs. Quotas With Implicit Collusion (Classic Reprint)

Julio Rotemberg, Garth Saloner

Edit� par Forgotten Books, 2024

ISBN 10 : 1334431515 ISBN 13 : 9781334431517

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Vendeur : Forgotten Books, London, Royaume-Uni

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Paperback. Etat : New. Print on Demand. This book challenges long-held economic dogma that tariffs are universally more beneficial than quotas. Traditionally, tariffs are seen as superior due to their promotion of competition and reduction in domestic prices. Quotas, in contrast, are often perceived as less desirable because they tend to stifle competition and inflate domestic prices. The author argues that this conventional wisdom is flawed, especially when considering dynamic models of imperfect competition. In the author's view, quotas can promote competition while tariffs do not. The book develops a simple yet powerful model that demonstrates how, in certain circumstances, quotas can reduce prices and increase competition. The key insight is that quotas limit the ability of foreign firms to punish domestic firms for deviating from collusive pricing agreements. As a result, domestic firms have a stronger incentive to compete, leading to lower prices for consumers. This book offers a groundbreaking perspective on the role of tariffs and quotas in international trade. By challenging the established view, it encourages readers to rethink the traditional policy prescriptions and consider the potential benefits of quotas in promoting competition and lowering prices. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N� de r�f. du vendeur 9781334431517_0

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