Auction quotas and United States trade policy
Institute for International Economics, 1987 - Business & Economics - 241 pages
This book addresses the economic and administrative issues surrounding the present methods of import relief and how they compare with auction quotas. It also looks at the experience with auctions in other countries, the international implications of such a shift, and its potential role in the Uruguay Round of Trade Negotiations.
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Comparing Quotas to Tariffs page
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abroad administered agreements allocated quotas amount auction quota system auction system auctioned import Australia authority basis bidders capture carbon steel chapter compensation competitive Congress consumer demand curve consumers country-specific dairy demand curve disruption distribution domestic price economic effect escape clause export restraints exporting countries federal fees firms first-come-first-served foreign fund GATT global quotas Hufbauer implementing import licenses import quotas import relief imposed increase industry leases liberalization limit marginal cost million minimum bid monopoly importer negotiated percent permits potential premium protection quantitative restrictions quantitative trade quota auctions quota levels quota licenses quota rents quota rights quota tickets retaliation revenues sealed bid secondary market section 201 sectors sell setaside specialty steel sugar suppliers supply curve tariff quota textiles and apparel trade policy trade restraints transfer Treasury Treasury securities unilateral United Uruguay Round USITC voluntary export restraints windfall profits world market Zealand