WELFARE IMPROVING COLLUSION IN THE JAPANESE PORK IMPORT MARKET
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
Underlying parameter estimates suggest that reduction in pork exporters' profit is three times higher when the Japanese GATT safeguard is invoked, providing incentive to foreign suppliers to collude to avoid exceeding the trigger. This collusion is welfare-improving since the safeguard induces more inefficiencies. Workable and efficient allocation rules are constructed with a multi-plant monopolist structure that allows trade of quota.