Auction Quotas with a Foreign Duopoly

Author: Ms. Ling Hui Tan

Volume/Issue: Volume 2000 Issue 065

Publication date: March 2000

ISBN: 9781451848670

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , WP , free trade , Auction quota , duopoly , license price , quota license , importing country , quota level , response function , Trade liberalization , Imports , Asset prices , Import licensing , Australia and New Zealand , Europe

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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.