TRADE QUOTAS AND BUYER POWER, WITH AN APPLICATION TO THE E.U. NATURAL GAS MARKET
研究了贸易配额如何增强国内买方在与外国卖方谈判中的抗衡势力，利用夏普利值分析双边寡头市场中的谈判力与贸易盈余分配，并以欧盟天然气市场为例说明配额对进口商议价能力的显著影响。
We consider a market in which domestic buyers negotiate contracts with foreign sellers, and explore how trade quotas can help to increase the buyers' countervailing power. We use the Shapley value to describe bargaining power and the distribution of the trade surplus in such a bilateral oligopoly. By exploiting strategic externalities among the buyers, bilateral trade quotas can improve the buyers' bargaining positions. In contrast, aggregate trade restrictions on all buyers' trade never improve buyer surplus. Minimum quotas on imports from fringe suppliers can benefit nonaffected buyers, as these enjoy positive externalities. We apply these insights to the E.U. market for natural gas and show that the effects of trade quotas on E.U. gas importers' power can be significant.