Countries such as Canada, which manage domestic supply by regulating both production and imports, have come under pressure in recent years to liberalize their trade policy. This paper examines the effect of import concessions on the distribution of rents in supply-managed industries. Although...

Export credit is shown to be a mechanism that facilitates price discrimination. The scenario considered is one of competitive exporters' selling to a cash importer with a relatively inelastic demand schedule and a credit importer with a relatively elastic demand schedule. The spot markets of the...

Previous studies of the effects of agricultural trade policy reform have treated internal policies for supply-managed commodities as exogenous. In the authors' model, however, quotas on imports, are chosen jointly with domestic production quotas to balance total welfare and its distribution...