Empirical studies of the welfare consequences of quotas often assume perfect competition everywhere. If this assumption is not valid, welfare estimate and policy recommendations may err dramatically. The...
The Multi-Fibre Arrangement (MFA) restricts the access of developing country exporters to developed country markets. It is usually assumed that the exporting countries receive all of the economic rents...
Available estimates of tariff equivalents of quotas and welfare calculations on the costs of multi-fibre arrangements (MFA) for developing countries are based on the premise of perfect competition in both...