Comparison of Price Caps and Tariffs to Counter a Foreign Monopoly

This paper compares import tariffs and import price caps as policy measures to regulate a foreign monopolist. We show that for any positive import tariff there exists a set of price caps each of which Pareto-dominates the given tariff. This result is particularly important in the case of nontransferable utilities, as in the illustrated example of the EU-Russia gas market

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Year of publication:	2023
Authors:	Ehrhart, Karl-Martin ; Schlecht, Ingmar ; Schmitz, Jan ; Wang, Runxi
Publisher:	[S.l.] : SSRN
Subject:	Monopol \| Monopoly \| Anreizregulierung \| Incentive regulation \| Zoll \| Tariffs \| Preisregulierung \| Price regulation \| Zolltheorie \| Theory of tariffs

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Extent:	1 Online-Ressource (10 p)
Type of publication:	Book / Working Paper
Language:	English
Other identifiers:	10.2139/ssrn.4366575 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014260763