%0 Journal Article %A Choi, E. Kwan %A Marjit, Sugata %D 2017 %T Tariff-Quota Non-Equivalence In a Competitive General Equilibrium Framework (Revised Version April 1997) %U https://bridges.monash.edu/articles/journal_contribution/Tariff-Quota_Non-Equivalence_In_a_Competitive_General_Equilibrium_Framework_Revised_Version_April_1997_/5072704 %R 10.4225/03/5934c6e3eeb04 %2 https://ndownloader.figshare.com/files/8588056 %K monash:6997 %K 1959.1/36385 %K 1997 %X We construct a standard multi-sector, multi-factor general equilibrium model, with goods outnumbering factors to argue that in such a general structure, tariff and quota can have drastically different impacts on trade patterns. This result casts doubt on one of the fundamental results in the theory of commercial policy. %I Monash University