English, Article, Journal or magazine article edition: Do security deposit rates matter: Evidence from a secondary market Susumu Imai; Kala Krishna; Abhiroop Mukhopadhyay

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/4967
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Do security deposit rates matter: Evidence from a secondary market
Author
  • Susumu Imai
  • Kala Krishna
  • Abhiroop Mukhopadhyay
Physical Description
  • preprint
Notes
  • In the recent past, many economies, attempting to become more open, have adopted policies fostering a less restrictive trade regime. In their attempts to become more open, policy makers can, with the best of intentions, adopt policies that have unforeseen and often undesirable side effects. In the 1980s, Australia was in the process of converting quotas to tariffs. In the process they auctioned off import quota licenses in order to use the submitted bids to calculate equivalent tariff rates. A security deposit was charged to prevent frivolous bidding. The collection of security deposits may be seen as a harmless policy with the only discernable cost being the opportunity cost of the funds while they are on deposit. We argue that, at least in the Australian context, this is not so. Using data from a middleman in the secondary market for these licenses, we show that the policy may have led to welfare losses in the secondary market.
  • RePEc:ind:isipdp:05-02
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment