Quantity Controls, License Transferability, and the Level of Investment /
This paper models investment/entry decisions in a competitive industry that is subject to a quantity control on an input for production. The quantity control is implemented by auctioning licenses for the restricted input (e.g., a pollution permit or a production license). The paper shows that libera...
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| 其他作者: | , |
| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2001.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 2001/206 |
| 在線閱讀: | Full text available on IMF |