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Simulating Tariffs vs. Quotas with Domestic Monopoly

Author

Listed:
  • Gilbert John

    (Utah State University)

  • Oladi Reza

    (Utah State University)

Abstract

The pro-competitive effects of international trade in the presence of monopoly, and the deleterious effects of protection, are topics commonly taught in both international trade and industrial organization classes. We present a numerical simulation model for classroom use, built in Excel, that is designed to explore the effect of international trade on a monopoly, and how the effects of protecting the monopoly may differ depending on whether a tariff or a quota is chosen. We describe the model, key results, and how to integrate the approach into the curriculum.

Suggested Citation

  • Gilbert John & Oladi Reza, 2007. "Simulating Tariffs vs. Quotas with Domestic Monopoly," Journal of Industrial Organization Education, De Gruyter, vol. 2(1), pages 1-11, October.
    • Handle: RePEc:bpj:jioedu:v:2:y:2007:i:1:n:1
    DOI: 10.2202/1935-5041.1010
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    References listed on IDEAS

    as
    1. Soumaya M. Tohamy & J. Wilson Mixon, 2003. "Lessons from the Specific Factors Model of International Trade," The Journal of Economic Education, Taylor & Francis Journals, vol. 34(2), pages 139-150, January.
    2. Jonathan B. Wight, 1999. "Using Electronic Data Tools in Writing Assignments," The Journal of Economic Education, Taylor & Francis Journals, vol. 30(1), pages 21-27, January.
    3. J. Wilson Mixon, Jr. & Soumaya Tohamy, 2001. "Using Microsoft Excel in Principles of Economics," Computers in Higher Education Economics Review, Economics Network, University of Bristol, vol. 14(2), pages 4-6.
    Full references (including those not matched with items on IDEAS)

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