A framework is developed to measure the welfare effects of individual quota reforms in multiproduct industries using the multimarket welfare measure techniques suggested by Just, Hueth, and Schmitz (1982) and the concept of virtual price in the production theory literature (Neary 1995; Squires and...

This paper extends the method of virtual prices for quantity constraints to provide inverse derived demand functions for quotas and quota market equilibrium and pricing. The approach is applied to evaluate the anticipated effects of a potential program of individual transferable quotas...

The long-run multiproduct profit function is developed to provide a more general procedure than the s tatic minimum cost function to examine the technological and cost det erminants of multiproduct industry structure and the likely form of a ny market equilibrium. In this approach, outputs are...