Verfügbarkeit: Quality Controls, License Transferability and the Level of Investment

Quality 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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1. Verfasser:	Tan, Ling Hui (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2001
Schriftenreihe:	IMF Working Papers Working Paper No. 01/206
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers
Zusammenfassung:	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 liberalizing the quantity control could reduce investment in the industry under certain circumstances. Furthermore, the level of investment is quite different when licenses are tradable than when they are not. Key factors in the comparison include the elasticity of demand for the final good and the degree of input substitutability. Two examples are computed to illustrate the results
Beschreibung:	1 Online-Ressource (33 p)
ISBN:	145187460X 9781451874600

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spelling	Tan, Ling Hui Verfasser aut Quality Controls, License Transferability and the Level of Investment Tan, Ling Hui Washington, D.C International Monetary Fund 2001 1 Online-Ressource (33 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 01/206 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 liberalizing the quantity control could reduce investment in the industry under certain circumstances. Furthermore, the level of investment is quite different when licenses are tradable than when they are not. Key factors in the comparison include the elasticity of demand for the final good and the degree of input substitutability. Two examples are computed to illustrate the results Online-Ausg Krishna, Kala Sonstige oth Ranjan, Ram Sonstige oth http://elibrary.imf.org/view/IMF001/05513-9781451874600/05513-9781451874600/05513-9781451874600.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Tan, Ling Hui Quality Controls, License Transferability and the Level of Investment
title	Quality Controls, License Transferability and the Level of Investment
title_auth	Quality Controls, License Transferability and the Level of Investment
title_exact_search	Quality Controls, License Transferability and the Level of Investment
title_exact_search_txtP	Quality Controls, License Transferability and the Level of Investment
title_full	Quality Controls, License Transferability and the Level of Investment Tan, Ling Hui
title_fullStr	Quality Controls, License Transferability and the Level of Investment Tan, Ling Hui
title_full_unstemmed	Quality Controls, License Transferability and the Level of Investment Tan, Ling Hui
title_short	Quality Controls, License Transferability and the Level of Investment
title_sort	quality controls license transferability and the level of investment
url	http://elibrary.imf.org/view/IMF001/05513-9781451874600/05513-9781451874600/05513-9781451874600.xml
work_keys_str_mv	AT tanlinghui qualitycontrolslicensetransferabilityandthelevelofinvestment AT krishnakala qualitycontrolslicensetransferabilityandthelevelofinvestment AT ranjanram qualitycontrolslicensetransferabilityandthelevelofinvestment

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