EconPapers    
Economics at your fingertips  
 

Transferable Licenses vs. Nontransferable Licences: What Is the Difference?

Kala Krishna () and Ling Hui Tan ()

Working Papers from Pennsylvania State - Department of Economics

Abstract: This paper questions the presumption that transferable quota licenses are worth more and result in higher welfare. We show that the price of a transferable license will tend to be higher than of its nontransferable counterpart only if the underlying quota is quite restrictive.

Keywords: ENTERPRISES; PRODUCTION (search for similar items in EconPapers)
JEL-codes: D40 D45 (search for similar items in EconPapers)
Pages: 32 pages
Date: 1996
References: Add references at CitEc
Citations: Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Transferable Licenses vs. Nontransferable Licenses: What is the Difference? (1996) Downloads
Working Paper: Transferable Licenses vs. Nontransferable Licences: What is the Difference?
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:pensta:2-96-2

Access Statistics for this paper

More papers in Working Papers from Pennsylvania State - Department of Economics PENNSYLVANIA STATE UNIVERSITY, DEPARTMENT OF ECONOMICS, UNIVERSITY PARK PENNSYLVANIA 16802 U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().

 
Page updated 2021-02-04
Handle: RePEc:fth:pensta:2-96-2