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Auction Quotas with a Foreign Duopoly

This paper uses a partial equilibrium framework to compare the welfare consequences of different methods of quota administration relative to free trade under imperfect competition. It shows that a country importing a good from foreign duopolists may improve its welfare by setting a quota at the free...

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Bibliographic Details
Main Author: Tan, Ling
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2000
Series:IMF Working Papers
Subjects:
Trade Liberalization
International Trade Organizations
Trade Barriers
Price Level
Macroeconomics
International Trade
Commercial Policy
Import Licensing
Prices
Import Quotas
Deflation
International Economics
Asset Prices
Imports
Trade Policy
Inflation
Trade: General
Exports And Imports
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper uses a partial equilibrium framework to compare the welfare consequences of different methods of quota administration relative to free trade under imperfect competition. It shows that a country importing a good from foreign duopolists may improve its welfare by setting a quota at the free trade quantity and giving a fraction of the quota licenses to the duopolists while auctioning off the rest
Physical Description:21 pages
ISBN:9781451848670

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