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© 1994 Oxford University Press and the Foundation for the European Review of Agricultural Economics

research-article

Is a production quota Pareto superior to price support only?

HERVÉ GUYOMARD, LOUIS-PASCAL MAHÉ, EMSAR and INRA-ESR

Herv{acute} Guyomard and Louis Mahé ENSAR and INRA-ESR 65, ruede Saint-Brieuc 35042 Rennes Cedex France

Received October 1, 1993;

Summary

This note shows, using a general equilibrium framework, that the level of utility attainable under a quota-cum-tariff policy is higher than in the tariff-alone case but, as should be expected, lower than without any price distortion

Keywords: production quota, tariff, Pareto optimality, general equilibrium


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