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Rent Sharing in the Multi-fibre Arrangement: Theory and Evidence from U.S. Apparel Imports from Hong Kong Author info | Abstract | Publisher info | Download info | Related research | Statistics Krishna, Kala
Erzan, Refik
Tan, Ling Hui
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Available estimates of tariff equivalents and welfare costs of MFA quotas are based on the premise of perfect competition in both product and license markets, and the assumption that exporting countries receive all the scarcity rent. We test if U.S. apparel imports from Hong-Kong conform with this competitive model by looking at whether the license-price-inclusive Hong Kong price, adjusted for tariffs and transport costs, is equal to the U.S. price. We deal with the homogeneous product case and correct for both aggregation and quality differences. We find that U.S. importers seem to retain a substantial portion of the quota rents. Copyright 1994 by Blackwell Publishing Ltd.
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Article provided by Blackwell Publishing in its journal Review of International Economics .
Volume (Year): 2 (1994)
Issue (Month): 1 (February)
Pages: 62-73
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Handle: RePEc:bla:reviec:v:2:y:1994:i:1:p:62-73Contact details of provider: Web page: http://www.blackwellpublishing.com/journal.asp?ref=0965-7576
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Paper Erzan, Refik & Krishna, Kala & Ling Hui Tan, 1991.
"Rent sharing in the multi-fibre arrangement : theory and evidence from US apparel imports from Hong Kong ,"
Policy Research Working Paper Series
597, The World Bank.
[Downloadable!] Krishna, K. & Erzan, R. & Tan, L.H., 1991.
"Rent Sharing In The Multi-Fibre Arrangement: Theory And Evidence From Us Apparel Imports From Hong Kong ,"
Harvard Institute of Economic Research Working Papers
1549, Harvard - Institute of Economic Research.
Kala Krishna & Refik Erzan & Ling Hui Tan, 1991.
"Rent Sharing in the Multi-Fibre Arrangement: Theory and Evidence from US Apparel Imports from Hong Kong ,"
NBER Working Papers
3673, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Richard E. Baldwin & Paul Krugman, 1986.
"Market Access and International Competition: A Simulation Study of 16K Random Access Memories ,"
NBER Working Papers
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Kala Krishna, 1988.
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NBER Working Papers
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Carlos Alfredo Rodriguez, 1979.
"The Quality of Imports and the Differential Welfare Effects of Tariffs, Quotas, and Quality Controls as Protective Devices ,"
Canadian Journal of Economics ,
Canadian Economics Association, vol. 12(3), pages 439-49, August.
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Irene Trela & John Whalley, 1988.
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Other versions: Hamilton, Carl, 1986.
"An Assessment of Voluntary Restraints on Hong Kong Exports to Europe and the USA ,"
Economica ,
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Kala Krishna, 1988.
"The Case of the Vanishing Revenues: Auction Quotas With Oligopoly ,"
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2723, National Bureau of Economic Research, Inc.
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Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Meenu Tewari, 2005.
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id:485, esocialsciences.com.
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Anderson, James E., 1997.
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James E. Anderson, 1997.
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[Downloadable!] (restricted) Anderson, J-E, 1997.
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626, Stockholm - International Economic Studies.
James E. Anderson, 1999.
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Other versions: Erzan, Refik & Holmes, Christopher, 1992.
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Bannister, Geoffrey J., 1993.
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Geoffrey Bannister, 1994.
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Yongzheng Yang & Montfort Mlachila, 2004.
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IMF Working Papers
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Jarvis, Lovell S., 2003.
"How Brazil Transferred Billions To Foreign Coffee Importers: The International Coffee Agreement, Rent Seeking And Export Tax Rebates ,"
Working Papers
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Faini, Riccardo & de Melo, Jaime & Takacs, Wendy, 1993.
"A primer on the MFA maze ,"
Policy Research Working Paper Series
1088, The World Bank.
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Other versions:
Faini, R. & Melo, J. de & Takacs, W., 1992.
"A Primer on the MFA Maze ,"
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de Melo, Jaime & Faini, Riccardo, 1992.
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[Downloadable!] (restricted) Kenneth A. Hanson & Kenneth A. Reinert, 1997.
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