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- Publisher
- Springer Journals
- Copyright
- 2005 Japanese Economic Association
- ISSN
- 1352-4739
- eISSN
- 1468-5876
- DOI
- 10.1111/j.1468-5876.2005.00340.x
- Publisher site
- See Article on Publisher Site
Abstract
Abstract A standard method of estimating deadweight losses caused by import quotas is to estimate a utility function by data over a period in which the quota is not imposed, and to use the estimated utility function to evaluate the virtual price of quota-laden imports. This method, however, is not applicable if preferences are different between quota and nonquota periods. In order to overcome this difficulty, the present study introduces a method of estimating a utility function directly from data in a quota period. This method is applied to the estimation of deadweight losses attributable to the Japanese beef quota.
Journal
The Japanese Economic Review – Springer Journals
Published: Dec 1, 2005
Keywords: economics, general; microeconomics; macroeconomics/monetary economics//financial economics; econometrics; development economics; economic history