The Economic Studies Quarterly
Online ISSN : 2185-4416
Print ISSN : 0557-109X
ISSN-L : 0557-109X
INDUSTRY SPECIFIC INTERESTS AND TRADE PROTECTION: A GAME THEORETIC ANALYSIS
KAZUHARU KIYONOMASAHIRO OKUNO-FUJIWARAKAORU UEDA
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1991 Volume 42 Issue 4 Pages 347-361

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Abstract

This paper inquires into the effect of choice of protection means, tariffs or quotas, on the economy's protection level for a small country within a specific-factor model when the protection level is determined by the lobbying activities by each industry (non-cooperative game) or jointly by negotiations of all the industries concerned (cooperative game). We will see that strategic interaction among lobbying industries gives rise to non-equivalence between tariffs and quotas.

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© The Japanese Economic Association
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