Imputing license prices: Limitations of a cost-based approach

• 成果类型: Article
• 署名作者: Krishna, K; Martin, W; Tan, LH
• 署名单位: National Bureau of Economic Research; The World Bank; International Monetary Fund
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/S0304-3878(96)00447-6
• 发表日期: 1997
• 页码: 355-374
• 关键词: quota license; multi-fibre arrangement

摘要

In this paper, we make use of recently available data on Indonesian Multi-Fibre Arrangement quota license prices to examine the accuracy of the procedure commonly used in the literature to impute such prices from Hong Kong data. We find that the actual Indonesian license prices fall short of the imputed license prices in most instances. We provide some possible explanations for this outcome, and re-do the calculations to adjust for these additional considerations. (C) 1997 Elsevier Science B.V.