In our paper on "Revenue Seeking: A Generalization of the Theory of Tariffs" (1980), we extended the theory of tariffs to include revenue seeking. We also compared tariffs with quotas, under seeking activities associated with the revenues from the former and with the rents (i.e., license premia) from the latter.
International Trade Law | Law
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Jagdish N. Bhagwati & T.N. Srinivasan,
Revenue Seeking: A Generalization of the Theory of Tariffs – A Correction,
J. Pol. Econ.
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© 1982 by The University of Chicago.