The effects of periodic quotas limiting the stock of imports of durables
AbstractAnalyses of trade quotas typically assume that the quota restricts the flow of some nondurable good. Many real-world quotas, however, restrict the stock of durable imports. We consider the cases where (1) anyone is free to export against such quotas and where (2) only those allocated portions of the total quota are free to export against such quotas. Recent econometric investigations of such quotas have focused on the price of the durable as an indicator of tightness induced by the quota. We show why this is an inappropriate indicator and suggest alternatives.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Theory.
Volume (Year): 109 (2003)
Issue (Month): 2 (April)
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Web page: http://www.elsevier.com/locate/inca/622869
Other versions of this item:
- GAUDET, GÃ©rard & SALANT, Stephen W., 2002. "The Effects of Periodic Quotas Limiting the Stock of Imports of Durables," Cahiers de recherche, Universite de Montreal, Departement de sciences economiques 2002-09, Universite de Montreal, Departement de sciences economiques.
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