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Tariffs, quotas and welfare in a monetary economy
Publication
, Journal Article
Kimbrough, KP
Published in: Journal of International Economics
January 1, 1985
The effects of tariffs and quotas on welfare in a monetary economy are considered. It is shown that while both policies improve the balance of payments they have different lifetime welfare implications even when they are equivalent in the long run. The speed of adjustment is shown to be more rapid under a tariff than under a quota. Therefore, adjustment costs associated with changes in money holdings are lower under a tariff while those associated with changes in consumption are higher. Simulation results are used to examined the implications of various structural parameters for lifetime utility under the two policies. © 1985.
Duke Scholars
Published In
Journal of International Economics
DOI
ISSN
0022-1996
Publication Date
January 1, 1985
Volume
19
Issue
3-4
Start / End Page
257 / 277
Related Subject Headings
- Economics
- 3803 Economic theory
- 3802 Econometrics
- 3801 Applied economics
- 14 Economics
Citation
APA
Chicago
ICMJE
MLA
NLM
Kimbrough, K. P. (1985). Tariffs, quotas and welfare in a monetary economy. Journal of International Economics, 19(3–4), 257–277. https://doi.org/10.1016/0022-1996(85)90035-2
Kimbrough, K. P. “Tariffs, quotas and welfare in a monetary economy.” Journal of International Economics 19, no. 3–4 (January 1, 1985): 257–77. https://doi.org/10.1016/0022-1996(85)90035-2.
Kimbrough KP. Tariffs, quotas and welfare in a monetary economy. Journal of International Economics. 1985 Jan 1;19(3–4):257–77.
Kimbrough, K. P. “Tariffs, quotas and welfare in a monetary economy.” Journal of International Economics, vol. 19, no. 3–4, Jan. 1985, pp. 257–77. Scopus, doi:10.1016/0022-1996(85)90035-2.
Kimbrough KP. Tariffs, quotas and welfare in a monetary economy. Journal of International Economics. 1985 Jan 1;19(3–4):257–277.
![Journal cover image](https://secure.syndetics.com/index.aspx?isbn=/lc.gif&issn=0022-1996&client=dukeuniv)
Published In
Journal of International Economics
DOI
ISSN
0022-1996
Publication Date
January 1, 1985
Volume
19
Issue
3-4
Start / End Page
257 / 277
Related Subject Headings
- Economics
- 3803 Economic theory
- 3802 Econometrics
- 3801 Applied economics
- 14 Economics