Dual Markets, Rationing, and Queues
Jagdish N. Bhagwati, Balbir S. Sihag; Dual Markets, Rationing, and Queues*, The Quarterly Journal of Economics, Volume 95, Issue 4, 1 December 1980, Pages 775–7
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Revenue Seeking: A Generalization of the Theory of Tariffs
The theory of commercial policy has recently addressed three phenomena: (i) tariff (quota) seeking or lobbying by potential beneficiaries for the imposition of a tariff (quota), (ii) tariff (quota) evasion, and (iii) rent seeking or lobbying for getting an allocation of the import quota to earn the rents generated. Revenue seeking or lobbying to secure a share in the disposition of the tariff revenues is analyzed here. it is shown that revenue seeking may, even for a small country, result in a reduction in importable output. Furthermore, revenue seeking may be welfare improving. Rent seeking may be welfare improving as well.
Domestic Resource Costs, Effective Rates of Protection, and Project in Tariff-Distorted Economies
Jagdish N. Bhagwati, T. N. Srinivasan; Domestic Resource Costs, Effective Rates of Protection, and Project Analysis in Tariff-Distorted Economies*, The Quarterl
Revenue Seeking: A Generalization of the Theory of Tariffs
The theory of commercial policy has recently addressed three phenomena: (i) tariff (quota) seeking or lobbying by potential beneficiaries for the imposition of a tariff (quota), (ii) tariff (quota) evasion, and (iii) rent seeking or lobbying for getting an allocation of the import quota to earn the rents generated. Revenue seeking or lobbying to secure a share in the disposition of the tariff revenues is analyzed here. it is shown that revenue seeking may, even for a small country, result in a reduction in importable output. Furthermore, revenue seeking may be welfare improving. Rent seeking may be welfare improving as well.