Aldanondo, Ana Maria; Puertolas, Javier - European Association of Agricultural Economists - EAAE - 2002
restricts world commodity production whilst the trade in an intermediate good is not regulated. The analysis shows that, when … the quota regime is not internationally transferable, intermediate input trade substitutes for final good trade. In these … rent gap. Welfare distribution is also conditioned by commodity terms of trade and, particularly, by the outcome of the …