Are all trade protection policies created equal?
Subtitle: empirical evidence for nonequivalent market power effects of tariffs and quotas
By: Bruce Blonigen ... [et al.].
Contributors: National Bureau of Economic Research
Series: NBER working paper series -- working paper 16391; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16391.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource]
Description: "Over the past decades, the steel industry has been protected by a wide variety of trade policies, both tariff- and quota-based.  We exploit this extensive heterogeneity in trade protection to examine the well-established theoretical literature predicting nonequivalent effects of tariffs and quotas on domestic firms' market power.  Robust to a variety of empirical specifications with U.S.  Census data on the population of U.S.  steel plants from 1967-2002, we find evidence for significant market power effects for binding quota-based protection, but not for tariff-based protection.  There is only weak evidence that antidumping protection increases market power"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 2/8/2011.

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