Lapan, Harvey; Gervais, Jean-Philippe - In: Review of International Economics 12 (2004) 1, pp. 130-137
The authors use a standard general-equilibrium trade model to show that export and import policies are not symmetric in … cooperation, set their import (or export) quotas to maximize domestic welfare. It is shown that the equilibrium in which all … countries use import quotas differs from, and is superior to, the equilibrium in which countries use export quotas. The …