The Effects of Periodic Quotas Limiting the Stock of Imports of Durables

Gérard Gaudet () and Stephen Walter Salant ()

Cahiers de recherche from Centre interuniversitaire de recherche en économie quantitative, CIREQ

Abstract: 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.

Keywords: Import quotas; voluntary export restraints; immigration quotas; durable goods; speculative attacks (search for similar items in EconPapers)
Date: Written 2002
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Related works:
Working Paper: The Effects of Periodic Quotas Limiting the Stock of Imports of Durables (2002)
Journal Article: The effects of periodic quotas limiting the stock of imports of durables (2003)
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Persistent link: http://EconPapers.repec.org/RePEc:mtl:montec:09-2002

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