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Implementation of quantity restrictions and the effect on market power

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  • Kujal, Praveen

Abstract

In this paper the differenee between firm-specific and market quotas as two kinds of quantity restrictions used as a reglllatory tool and their effect on market power is stressed. It is argued that the use of tbe specific type of quantity restriction depends on who seeks the quantity restrictions. It is shown that for a range of capacities, firm-speeific quotas first-order stochastically dominate market quotas. That is, firm-specific quotas yield higher expected prices (greater market power), relative to market quotas, for a range of capacities.

Suggested Citation

  • Kujal, Praveen, 1995. "Implementation of quantity restrictions and the effect on market power," UC3M Working papers. Economics 3948, Universidad Carlos III de Madrid. Departamento de Economía.
    • Handle: RePEc:cte:werepe:3948
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