Volume and share quotas in Cournot competition |
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| Institution: | 1. Department of Money and Banking, National Chengchi University, Taipei, Taiwan, ROC;2. Actuarial Department, Taiwan Life Insurance Co. Ltd, Taiwan, ROC;1. The Faculty of Commerce, Otaru University of Commerce, 3-5-21 Midori, Otaru, Hokkaido 047-8501, Japan;2. The Institute of Social and Economic Research, Osaka University, 6-1 Mihogaoka, Ibaraki, Osaka 567-0047, Japan;1. Department of Finance, Ningbo Institute of Technology, Zhejiang University, Ningbo, China;2. Department of Finance, National Sun Yat-sen University, Kaohsiung, Taiwan;3. Department of Accounting Information, National Taichung University of Science and Technology, Taichung, Taiwan;1. IÉSEG School of Management (LEM-CNRS), Lille Catholic University, 3, rue de la Digue, 59000 Lille, France;2. Faculty of Business Administration, Lakehead University, 955 Oliver Road, Thunder Bay, Ontario P7B 5E1, Canada |
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| Abstract: | In this paper, we theoretically discuss volume and share quotas in the market where firms engage in Cournot competition. We show the equivalence among specific taxes, and volume quotas and share quotas with respect to equilibrium quantities. By using these results, we analyze comparative statics effects of volume and share quotas. Further, we apply the results to the examination of international oligopoly models with tariffs, import volume quotas, and import share quotas. Finally, we extend the model to endogenize the set of firms and derive a non-equivalence result of volume quotas and specific taxes. |
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