Sleeping Quotas, Pre-Emptive Quota Bidding and Monopoly Power

Detalhes bibliográficos
Autor(a) principal: Cunha, Luís Campos e
Data de Publicação: 1995
Outros Autores: Santos, Vasco
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/87930
Resumo: We rationalize the puzzling existence of binding quotas that are not fully utilized. Our model has its roots in Bhagwati (1965) on tariffs/quotas equivalence and is related to the I0 literature on pre-emption. We study the conditions that lead a monopolist, facing a quota-restricted market, to buy the quota licenses itself and the condi-tions under which they may remain unused. The divisibility of the quota is crucial for the monopolist to pre-emptively buy the quota. Further-more, we study the implications of "use-it-or-lose-it" clauses commonly imposed on auctioned quotas.
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spelling Sleeping Quotas, Pre-Emptive Quota Bidding and Monopoly PowerQuota equivalenceEndogenous-valuations auctionsPre-emptionWe rationalize the puzzling existence of binding quotas that are not fully utilized. Our model has its roots in Bhagwati (1965) on tariffs/quotas equivalence and is related to the I0 literature on pre-emption. We study the conditions that lead a monopolist, facing a quota-restricted market, to buy the quota licenses itself and the condi-tions under which they may remain unused. The divisibility of the quota is crucial for the monopolist to pre-emptively buy the quota. Further-more, we study the implications of "use-it-or-lose-it" clauses commonly imposed on auctioned quotas.RUNCunha, Luís Campos eSantos, Vasco2019-11-21T11:33:58Z1995-031995-03-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/87930engCunha, Luís Campos e and Santos, Vasco, Sleeping Quotas, Pre-Emptive Quota Bidding and Monopoly Power (March, 1995). FEUNL Working Paper Series No. 246info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:39:08Zoai:run.unl.pt:10362/87930Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:36:47.476429Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Sleeping Quotas, Pre-Emptive Quota Bidding and Monopoly Power
title Sleeping Quotas, Pre-Emptive Quota Bidding and Monopoly Power
spellingShingle Sleeping Quotas, Pre-Emptive Quota Bidding and Monopoly Power
Cunha, Luís Campos e
Quota equivalence
Endogenous-valuations auctions
Pre-emption
title_short Sleeping Quotas, Pre-Emptive Quota Bidding and Monopoly Power
title_full Sleeping Quotas, Pre-Emptive Quota Bidding and Monopoly Power
title_fullStr Sleeping Quotas, Pre-Emptive Quota Bidding and Monopoly Power
title_full_unstemmed Sleeping Quotas, Pre-Emptive Quota Bidding and Monopoly Power
title_sort Sleeping Quotas, Pre-Emptive Quota Bidding and Monopoly Power
author Cunha, Luís Campos e
author_facet Cunha, Luís Campos e
Santos, Vasco
author_role author
author2 Santos, Vasco
author2_role author
dc.contributor.none.fl_str_mv RUN
dc.contributor.author.fl_str_mv Cunha, Luís Campos e
Santos, Vasco
dc.subject.por.fl_str_mv Quota equivalence
Endogenous-valuations auctions
Pre-emption
topic Quota equivalence
Endogenous-valuations auctions
Pre-emption
description We rationalize the puzzling existence of binding quotas that are not fully utilized. Our model has its roots in Bhagwati (1965) on tariffs/quotas equivalence and is related to the I0 literature on pre-emption. We study the conditions that lead a monopolist, facing a quota-restricted market, to buy the quota licenses itself and the condi-tions under which they may remain unused. The divisibility of the quota is crucial for the monopolist to pre-emptively buy the quota. Further-more, we study the implications of "use-it-or-lose-it" clauses commonly imposed on auctioned quotas.
publishDate 1995
dc.date.none.fl_str_mv 1995-03
1995-03-01T00:00:00Z
2019-11-21T11:33:58Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/87930
url http://hdl.handle.net/10362/87930
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Cunha, Luís Campos e and Santos, Vasco, Sleeping Quotas, Pre-Emptive Quota Bidding and Monopoly Power (March, 1995). FEUNL Working Paper Series No. 246
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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