Blonigen, Bruce A.; Liebman, Benjamin H.; Wilson, Wesley W. - 2007
"A primary function of trade policy is to restrict imports to benefit the targeted domestic sector. However, a well …-established theoretical literature highlights that the form of trade policy (e.g., quotas versus tariffs) can have a significant impact on how … much trade policy affects firms' abilities to price above marginal cost (i.e., market power). The US steel industry …