The Effects Of Import Quotas On The Steel Industry
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The Effects of Import Quotas on the Steel Industry
Author | : Louis Schorsch |
Publsiher | : Unknown |
Total Pages | : 102 |
Release | : 1984 |
Genre | : Import quotas |
ISBN | : UCAL:C3376620 |
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Import Relief for the Specialty Steel Industry
Author | : United States. Congress. Senate. Committee on Finance. Subcommittee on International Trade |
Publsiher | : Unknown |
Total Pages | : 126 |
Release | : 1983 |
Genre | : Foreign trade regulation |
ISBN | : UOM:39015082593404 |
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International Trade
Author | : United States. General Accounting Office |
Publsiher | : Unknown |
Total Pages | : 70 |
Release | : 1989 |
Genre | : Competition, International |
ISBN | : UCSD:31822004882981 |
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International Trade
Author | : Anonim |
Publsiher | : Unknown |
Total Pages | : 68 |
Release | : 1989 |
Genre | : Steel industry and trade |
ISBN | : STANFORD:36105127374176 |
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Trade Policy and Market Power
Author | : Bruce A. Blonigen,Benjamin H. Liebman,Wesley W. Wilson |
Publsiher | : Unknown |
Total Pages | : 56 |
Release | : 2007 |
Genre | : Import quotas |
ISBN | : PSU:000062617000 |
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A primary function of trade policy is to restrict imports to benefit the targeted domestic sector. However, a well-established theoretical literature highlights that the form of trade policy (e.g., quotas versus tariffs) can have a significant impact on how much trade policy affects firms' abilities to price above marginal cost (i.e., market power). The US steel industry provides an excellent example to study these issues, as it has received many different types of trade protection over the past decades. We model the US steel market and then use a panel of data on major steel products from 1980 through 2006 to examine the effects of various trade policies on the steel market. We find that the US steel market is very competitive throughout our sample with the exception of the period in which they received comprehensive voluntary restraint agreements (i.e., quotas) and were able to price substantially above marginal cost. All other forms of protection were in tariff form and had little effect on market power, consistent with prior theoretical literature on the nonequivalence of tariffs and quotas. We also find evidence that market power eroded over time in steel products where mini-mill producers gained sizeable market share, highlighting the role of technology in the market as well.
The Effects of Import Quotas on the Steel Industry
Author | : Louis Schorsch |
Publsiher | : Unknown |
Total Pages | : 100 |
Release | : 1984 |
Genre | : Import quotas |
ISBN | : UCR:31210024764555 |
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Aggregate Costs to the United States of Tariffs and Quotas on Imports General Tariff Cuts and Removal of Quotas on Automobiles Steel Sugar and Textiles
Author | : David G. Tarr,Morris E. Morkre |
Publsiher | : Unknown |
Total Pages | : 166 |
Release | : 1984 |
Genre | : Tariff |
ISBN | : MINN:20000004394157 |
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The Steel Crisis
Author | : William Scheuerman |
Publsiher | : Praeger |
Total Pages | : 248 |
Release | : 1986-07-16 |
Genre | : Business & Economics |
ISBN | : PSU:000012215256 |
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This book analyzes the causes underlying the decline of the United States steel industry and the impact of that decline on our institutions of procedural democracy. It locates steel's economic demise in the logic of an economy organized for profit maximization and demonstrates how the industry's economic policies helped open the U.S. market to foreign imports while simultaneously forcing steel officials to turn to the government for assistance.