The comparative statics of a competitive increasing-cost industry with production quotas
研究了竞争性成本递增行业在实施生产配额时的长期比较静态效应,预测了总配额变化对行业的影响,对农业政策制定者有用。
Quota restrictions on farm commodities as a form of supply control have been used as an instrument of agricultural policy by various countries. This paper develops a theory of an increasing-cost industry with competition and production quotas. The analysis includes comparative static long-run predictions of the effect of changes in the aggregate quota. Copyright 1996 by Oxford University Press.