Extrapolating from some simple game-theoretic models, this paper suggests that invoking Section 301 will tend to shift the terms of agreement in the US's favor. This shift will be larger (a) the greater the harm to the targeted country from having its access to the US market limited; (b) the...

This paper addresses two questions about collusion in the Japanese construction industry. First, what mechanisms are used for enforcing the collusive agreement, for dividing the spoils, and for preventing the entry of new firms seeking a share of the collusive profits? Second, how much are...

In this paper we consider recent proposals to auction U.S. import quotas, using the funds so obtained to encourage relocation out of the protected industries. We first discuss the design of quota auctions so as to maximize revenue for the government. We then consider why quota auctions should be...