Detail Tariffying Auctions   Oleh:  McAfee, R. Preston ; Takacs, Wendy ; Vincent, Daniel R. Jenis: Article from Bulletin/Magazine Dalam koleksi: The Rand Journal of Economics vol. 30 no. 1 (1999), page 158-179. Topik: auction; tariffying; auctions Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: RR10.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel A strategy to convert quotas to tariffs is to auction the quota rights and use the realized auction prices as guides to setting tariffs. In the 1980 s, New Zealand employed auctions to allocate quota licenses. We analyze the relationship between tariff - equivalents and auction prices for auctions with resale. Using panel data from New Zealand's quota license auctions, we estimate the expected value of the tariff equivalent. We exploit data from the secondary market prices to test the model's predictions. The predictions fail, suggesting either that auction prices may understate or that aftermarket prices overstate the true tariff equivalent. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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