Tariffs vs. Quotas

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This video compares tariffs with quotas and shows how to analyze quotas using supply and demand. A key question addressed in this video pertains to who earns rents

This video compares tariffs with quotas and shows how to analyze quotas using supply and demand. A key question addressed in this video pertains to who earns rents from quotas. This video also covers excess capacity, foreign rent seeking and complications with calculating tariffs.

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