1 option
Protection for Sale with Imperfect Rent Capturing / Giovanni Facchini, Johannes Van Biesebroeck, Gerald Willmann.
- Format:
- Book
- Author/Creator:
- Facchini, Giovanni.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w11269.
- NBER working paper series no. w11269
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2005.
- Summary:
- Structurally estimating the Grossman and Helpman (1994) model using coverage ratios that include non-tariff barriers leads to biased parameter estimates. We develop a "protection for sale" theoretical framework consistent with the data, by explicitly allowing for non-tariff barriers. Introducing partial rent capturing we obtain a testable specification which finds support in the data. Our results suggest that average rent capturing is in the order of 72-75 percent.
- Notes:
- Print version record
- April 2005.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.