Rajsic, Predrag; Fox, Glenn - Canadian Agricultural Trade Policy Research Network (CATPRN) - 2012
that quota prices are the only direct measure of comparative advantage in supply managed industries. We develop an agent …-based general equilibrium model of quota exchange to illustrate the use of quota prices as indicators of comparative advantage. Our … approach complements the proposal by Meilke (2009) to use quota prices as indicators of comparative advantage in supply managed …