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Quota brokers
Imai, Susumu; Krishna, Kala; Mukhopadhyay, Abhiroop; … - 2004
Persistent link: https://www.econbiz.de/10002452979
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Quality controls, license transferability and the level of investment
Krishna, Kala; Tan, Ling-hui; Ranjan, Ram - 2001
Persistent link: https://www.econbiz.de/10001640602
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Quantity controls, license transferability, and the level of investment
Krishna, Kala; Tan, Ling-hui; Ranjan, Ram - 2002
Persistent link: https://www.econbiz.de/10001652129
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Quota Brokers
Imai, Susumu - 2006
This paper examines the role of middlemen (brokers) in an imperfect secondary market for quota licenses. Middlemen facilitate trade when markets are thin, as potential buyers and sellers find it difficult to meet and transact directly. However, in thin markets, middlemen also have the ability to...
Persistent link: https://www.econbiz.de/10012783102
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License Price Paths : I. Theory Ii. Evidence from Hong Kong
Krishna, Kala - 2010
In the first of the two companion papers, we show that the dynamic aspects of the license utilization decision in an … uncertain environment, together with the usual policy of rewarding high license utilization with future license allocations …. creates four components of the license price. These are the scarcity, asset, option, and renewal value components. Each of …
Persistent link: https://www.econbiz.de/10012763100
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Quantity Controls, License Transferability, and the Level of Investment
Krishna, Kala - 2002
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. The paper shows that liberalizing the quantity control could reduce...
Persistent link: https://www.econbiz.de/10012469919
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License Price Paths : I. Theory II. Evidence from Hong Kong
Krishna, Kala - 1992
In the first of the two companion papers, we show that the dynamic aspects of the license utilization decision in an … uncertain environment, together with the usual policy of rewarding high license utilization with future license allocations …. creates four components of the license price. These are the scarcity, asset, option, and renewal value components. Each of …
Persistent link: https://www.econbiz.de/10012474726
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Quantity Controls, License Transferability, and the Level of Investment
Krishna, Kala; Ranjan, Ram; Tan, Ling Hui - 2022
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. The paper shows that liberalizing the quantity control could reduce...
Persistent link: https://www.econbiz.de/10013308460
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Quality Controls, License Transferability and the Level of Investment
Tan, Ling Hui - 2001
permit or a production license). The paper shows that liberalizing the quantity control could reduce investment in the …
Persistent link: https://www.econbiz.de/10014401229