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More On The Equivalence Of Tariffs And Quotas, Jagdish N. Bhagwati Jan 1968

More On The Equivalence Of Tariffs And Quotas, Jagdish N. Bhagwati

Faculty Scholarship

In an earlier paper on the equivalence of tariffs and quotas [1], I argued that this equivalence – defined such that a tariff would lead to a level of imports which, if alternatively set as a quota, would generate the same implicit tariff – followed from the assumptions of competitive domestic production, supply of imports, and holding of quotas. This universality of competitiveness sufficed to guarantee equivalence, as defined. It was further argued that a departure from these assumptions could, in general, destroy this equivalence and several such departures were analyzed: (1) perfect competition in domestic production replaced by pure …


Book Review, Michael E. Tigar Jan 1968

Book Review, Michael E. Tigar

Faculty Scholarship

No abstract provided.


Criminal Justice 1968: Developments And Directions, A. Kenneth Pye Jan 1968

Criminal Justice 1968: Developments And Directions, A. Kenneth Pye

Faculty Scholarship

No abstract provided.