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A Note on Auction Quotas with a Foreign Duopoly*
Author(s) -
Tan Ling Hui
Publication year - 2001
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/1467-8586.00122
Subject(s) - duopoly , economics , welfare , rest (music) , microeconomics , international economics , market economy , medicine , cardiology
A country importing a good from foreign duopolists may improve its welfare by imposing a quota on the good at the free trade quantity and giving a fraction of the quota licences to the duopolists while auctioning off the rest.