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Import Quota Licenses and Market Power

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  • Steve McCorriston

Abstract

Analyses of import quota regimes typically ignore institutional features under which the quota licenses are administered. However, distributing the bulk of import licenses to a small number of firms can create oligopsony power and hence affect the level of quota rent and the potential success of auctioning licenses. In this paper I test formally for this phenomenon in the U.S. dairy import quota regime. Results suggest that the administration of import licenses for cheese creates oligopsony power for U.S. cheese importing firms. Copyright 1996, Oxford University Press.

Suggested Citation

  • Steve McCorriston, 1996. "Import Quota Licenses and Market Power," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(2), pages 367-372.
    • Handle: RePEc:oup:ajagec:v:78:y:1996:i:2:p:367-372
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    Cited by:

    1. Gast, Michael W., 2002. "Zollkontingente bei US-amerikanischen Käseimporten," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 51(04), pages 1-11.
    2. Robert Jörin & Yvan Lengwiler, 2004. "Learning from Financial Markets: Auctioning Tariff-Rate Quotas in Agricultural Trade," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 140(IV), pages 521-541, December.
    3. Anania, Giovanni, 2003. "Gains from trade liberalization with imperfectly competitive world markets. A note," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 3(06), pages 1-15.
    4. van Berkum, Siemen & van Meijl, Hans, 2000. "The application of trade and growth theories to agriculture: a survey," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 44(4), pages 1-38.
    5. Joerin, Robert, 2001. "The Impact Of Tariff-Rate Quotas And Imperfect Competition On Market Access," 2001: International Trade in Livestock Products Symposium, January 2001, Auckland, New Zealand 14556, International Agricultural Trade Research Consortium.
    6. Janda, Karel, 2009. "Signaling the Strength of a Market Entrant," MPRA Paper 17007, University Library of Munich, Germany.

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