EXPLAINING THE DISTRIBUTION OF QUOTA RENTS FROM US CHEESE IMPORTS

Ellen Hornig; Richard N. Boisvert; David Blandford

doi:10.1111/j.1467-8489.1990.tb00489.x

EXPLAINING THE DISTRIBUTION OF QUOTA RENTS FROM US CHEESE IMPORTS

Ellen Hornig, Richard N. Boisvert, David Blandford

Agricultural Economics, Sociology and Education

Research output: Contribution to journal › Article › peer-review

3 Scopus citations

Abstract

A theoretical model is outlined to illustrate how rents are generated from import quotas. The model is used to estimate rents from US cheese import quotas; rents are substantial. Relative rent capture by importers and exporters is explained by estimating an industrial organisation‐type model. Unequal market power is important in explaining the distribution of rents between importers and exporters. Exporters tend to maintain price‐cost margins and let importers capture a larger share as rent size increases. 1990 The Australian Agricultural Economics Society

Original language	English (US)
Pages (from-to)	1-20
Number of pages	20
Journal	Australian Journal of Agricultural Economics
Volume	34
Issue number	1
DOIs	https://doi.org/10.1111/j.1467-8489.1990.tb00489.x
State	Published - Apr 1990

All Science Journal Classification (ASJC) codes

Agronomy and Crop Science
General Environmental Science
General Earth and Planetary Sciences

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Cite this

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EXPLAINING THE DISTRIBUTION OF QUOTA RENTS FROM US CHEESE IMPORTS

Abstract

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