The effects of periodic quotas limiting the stock of imports of durables

• 成果类型: Article
• 署名作者: Gaudet, G; Salant, SW
• 署名单位: Universite de Montreal; Universite de Montreal; University of Michigan System; University of Michigan
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1016/S0022-0531(03)00023-1
• 发表日期: 2003
• 页码: 402-419
• 关键词: import quotas; VOLUNTARY EXPORT RESTRAINTS; immigration quotas; durable goods; Speculative attacks

摘要

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. (C) 2003 Elsevier Science (USA). All rights reserved.