Lapan, Harvey E.; Gervais, Jean-Philippe - Department of Economics, Iowa State University - 2004
We use a standard general equilibrium trade model to show that export and import policies are not symmetric in the … equilibrium of a strategic game with quotas. We assume N (identical) large countries non-cooperatively set their import (or export … is superior to, the equilibrium in which countries use export quotas. The difference arises because the elasticity of the …