In this paper we measure the quality change which has occurred in U.S. steel imports during the 1969-74 VRA, using an ….S. steel imports, which occurs most strongly in the first year. The welfare cost of quality change varies around one percent of … import expenditure during 1970-73. This cost is at least as large as the conventional deadweight loss triangle, but smaller …

In this paper we measure the quality change which has occurred in U.S. steel imports during the 1969-74 VRA, using an ….S. steel imports, which occurs most strongly in the first year. The welfare cost of quality change varies around one percent of … import expenditure during 1970-73. This cost is at least as large as the conventional deadweight loss triangle, but smaller …

This paper explores the nature of exit barriers in the steel industry, their social and economic implications, and … policy approaches to deal with exits and steel industry restructuring. Barriers to exit in the steel industry require … the closure of inefficient or unviable steel plants, though cost factors specific to the steel industry are important …