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Incremental Protection and Efficient Political Choice between Tariffs and Quotas

Author

Listed:
  • William H. Kaempfer
  • J. Harold, Jr McClure
  • Thomas D. Willett

Abstract

This paper offers a new political economy explanation for the increasing use in recent years of quotas instead of, or in combination with, tariffs as a form of trade protection. The authors show that, under domestic monopoly, the comparative efficiency of tariffs and quotas in achieving political objectives will vary depending on the nature of the market and the level of protection. At high levels of protection, quotas can become more politically efficient than tariffs. They also show that, at low levels of protection, a price equivalent quota may not exist.

Suggested Citation

  • William H. Kaempfer & J. Harold, Jr McClure & Thomas D. Willett, 1989. "Incremental Protection and Efficient Political Choice between Tariffs and Quotas," Canadian Journal of Economics, Canadian Economics Association, vol. 22(2), pages 228-236, May.
    • Handle: RePEc:cje:issued:v:22:y:1989:i:2:p:228-36
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    Cited by:

    1. LAPAN, Harvey E. & LARUE, Bruno, 1995. "Monopoly Power in Domestic Production, Smuggling, and the Non-Equivalence Between Tariffs and Quotas," Cahiers de recherche 9526, Université Laval - Département d'économique.
    2. Nuno Limão & Patricia Tovar, 2018. "Policy choice: Theory and evidence from commitment via international trade agreements," World Scientific Book Chapters, in: Policy Externalities and International Trade Agreements, chapter 6, pages 179-198, World Scientific Publishing Co. Pte. Ltd..
    3. Larue, Bruno & Gervais, Jean-Philippe & Pouliot, Sebastien, 2007. "Should tariff-rate quotas mimic quotas?: Implications for trade liberalization under a supply management policy," The North American Journal of Economics and Finance, Elsevier, vol. 18(3), pages 247-261, December.
    4. William Kaempfer & Thomas Willett, 1989. "Combining rent-seeking and public choice theory in the analysis of tariffs versus quotas," Public Choice, Springer, vol. 63(1), pages 79-86, October.

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