The effects of periodic quotas limiting the stock of imports of durables
نویسندگان
چکیده
Analyses 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. r 2003 Elsevier Science (USA). All rights reserved. JEL classification: F13; F22; D0
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ورودعنوان ژورنال:
- J. Economic Theory
دوره 109 شماره
صفحات -
تاریخ انتشار 2003